2011 Wisconsin Laws 409.327 – Priority of security interests in deposit account
409.327
409.327 Priority of security interests in deposit account. The following rules govern priority among conflicting security interests in the same deposit account:
409.327(1)
(1) Control by secured party. A security interest held by a secured party having control of the deposit account under § 409.104 has priority over a conflicting security interest held by a secured party that does not have control.
409.327(2)
(2) Priority in time of control. Except as otherwise provided in subs. (3) and (4), security interests perfected by control under § 409.314 rank according to priority in time of obtaining control.
409.327(3)
(3) Priority of bank regarding deposit account. Except as otherwise provided in sub. (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.
409.327(4)
(4) Priority over bank regarding deposit account. A security interest perfected by control under § 409.104 (1)(c) has priority over a security interest held by the bank with which the deposit account is maintained.