Iowa Code 554.9327 – Priority of security interests in deposit account
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Iowa Code 554.9327
- following: when used by way of reference to a chapter or other part of a statute mean the next preceding or next following chapter or other part. See Iowa Code 4.1
554.9327 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 § 554.9104 has priority over a conflicting security interest held by a secured party that does not have control.
2. Except as otherwise provided in subsections 3 and 4, security interests perfected by control under § 554.9314 rank according to priority in time of obtaining control.
3. Except as otherwise provided in subsection 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 § 554.9104, subsection 1, paragraph “”c””, has priority over a security interest held by the bank with which the deposit account is maintained.
2000 Acts, ch 1149, §47, 187
Referred to in §554.9322, 554.9324, 554.9330
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 § 554.9104 has priority over a conflicting security interest held by a secured party that does not have control.
2. Except as otherwise provided in subsections 3 and 4, security interests perfected by control under § 554.9314 rank according to priority in time of obtaining control.
3. Except as otherwise provided in subsection 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 § 554.9104, subsection 1, paragraph “”c””, has priority over a security interest held by the bank with which the deposit account is maintained.
2000 Acts, ch 1149, §47, 187
Referred to in §554.9322, 554.9324, 554.9330