§ 25-9-327. Priority of security interests in deposit account. - North Carolina Statutes

§25‑9‑327.  Priority of security interests in deposit account.

The following rules governpriority among conflicting security interests in the same deposit account:

(1)        A security interestheld by a secured party having control of the deposit account under G.S. 25‑9‑104has priority over a conflicting security interest held by a secured party thatdoes not have control.

(2)        Except as otherwiseprovided in subdivisions (3) and (4) of this section, security interestsperfected by control under G.S. 25‑9‑314 rank according to priorityin time of obtaining control.

(3)        Except as otherwiseprovided in subdivision (4) of this section, a security interest held by thebank with which the deposit account is maintained has priority over aconflicting security interest held by another secured party.

(4)        A security interestperfected by control under G.S. 25‑9‑104(a)(3) has priority over asecurity interest held by the bank with which the deposit account ismaintained. (1997‑181, s. 5; 2000‑169, s. 1.)