2006 Minnesota Code
Chapters 324 - 338 Trade Regulations, Consumer Protection
Chapter 336 Uniform Commercial Code
Section 336.9-327 PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNT.
336.9-327 PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNT.
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
section
336.9-104 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 section
336.9-314 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 section
336.9-104(a)(3) has priority over a
security interest held by the bank with which the deposit account is maintained.
History: 2000 c 399 art 1 s 47
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