Utah Code 70A-9a-327. Priority of security interests in deposit account
Current as of: 2023 | Check for updates
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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 Section 70A-9a-104 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 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 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 Subsection 70A-9a-104(1)(c) has priority over a security interest held by the bank with which the deposit account is maintained. |
Enacted by Chapter 252, 2000 General Session