AS 45.29.327: Priority of security interests in deposit account.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 29. Secured Transactions.
- Article 3. Perfection and Priority.
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 AS 45.29.104 has priority over a conflicting security interest held by a secured party that does not have control;
(2) except as otherwise provided in (3) and (4) of this section, security interests perfected by control under AS 45.29.314 rank according to priority in time of obtaining control;
(3) except as otherwise provided in (4) of this section, 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 AS 45.29.104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.
Collected 2026-09-02T06:19:44Z. Source file · JSON