Section 9-327 - Priority of security interests in deposit account. - Maryland Statutes

§ 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 § 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. 
 

[1999, ch. 282, § 2.]