70A-9a-327 - Priority of security interests in deposit account. - Utah Statutes

70A-9a-327. Priority of security interests in deposit account.
The following rules govern priority among conflicting security interests in the samedeposit account:
(1) A security interest held by a secured party having control of the deposit account underSection 70A-9a-104 has priority over a conflicting security interest held by a secured party thatdoes not have control.
(2) Except as otherwise provided in Subsections (3) and (4), security interests perfectedby control under Section 70A-9a-314 rank according to priority in time of obtaining control.
(3) Except as otherwise provided in Subsection (4), a security interest held by the bankwith which the deposit account is maintained has priority over a conflicting security interest heldby another secured party.
(4) A security interest perfected by control under Subsection 70A-9a-104(1)(c) haspriority over a security interest held by the bank with which the deposit account is maintained.

Enacted by Chapter 252, 2000 General Session