Priority of security interests in deposit account

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  • The following rules govern priority among conflicting security interests in the same deposit account:
    • (1) A security interest held by a secured party having control of the deposit account under § 9–104 has priority over a conflicting security interest held by a secured party that does not have control.

    • (2) Except as otherwise provided in paragraphs (3) and (4), security interests perfected by control under § 9–314 rank according to priority in time of obtaining control.

    • (3) Except as otherwise provided in paragraph (4), a security interest held by the bank with which the deposit account is maintained has priority over a conflicting security interest held by another secured party.

    • (4) A security interest perfected by control under § 9–104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.


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