Current through 2024 NY Law Chapter 432
Section 9-327 - Priority of Security Interests in Deposit AccountThe following rules govern priority among conflicting security interests in the same deposit account:
(a) A security interest held by a secured party having control of the deposit account under Section 9-104 has priority over a conflicting security interest held by a secured party that does not have control.(b) Except as otherwise provided in subsections (c) and (d), security interests perfected by control under Section 9-314 rank according to priority in time of obtaining control.(c) Except as otherwise provided in subsection (d), 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.(d) A security interest perfected by control under Section 9-104 (a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.