§ 6A-9-327 - Priority of security interests in deposit account. - Rhode Island Statutes

SECTION 6A-9-327

   § 6A-9-327  Priority of security interestsin deposit account. – The following rules govern priority among conflicting security interests in thesame deposit account:

   (1) A security interest held by a secured party havingcontrol of the deposit account under § 6A-9-104 has priority over aconflicting security interest held by a secured party that does not havecontrol.

   (2) Except as otherwise provided in paragraphs (3) and (4),security interests perfected by control under § 6A-9-314 rank according topriority in time of obtaining control.

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

   (4) A security interest perfected by control under §6A-9-104(a)(3)has priority over a security interest held by the bank with whichthe deposit account is maintained.