Section 75-9-327 - Priority of security interests in deposit accountThe 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 75-9-104 has priority over a conflicting security interest held by a secured party that does not have control.(2) Except as otherwise provided in paragraphs (3) and (4), security interests perfected by control under Section 75-9-314 rank according to priority in time of obtaining control.(3) Except as otherwise provided in paragraph (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 Section 75-9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.Derived from former 1972 Code § 75-9-115 [Laws, 1996, ch. 468, § 59, eff. 7/1/1996] and enacted by Laws, 2001, ch. 495, § 1, eff. 1/1/2002.