GroundRules
D.C. Code § 28:9-327: Priority of security interests in deposit account.
Where this section sits in the code
- Title 28. Commercial Instruments and Transactions. [Enacted title]
- Subtitle I. Uniform Commercial Code.
- Article 9. Secured Transactions.
- Part III. Perfection and Priority.
- Subpart 3. 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 § 28:9-104 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 § 28:9-314 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 § 28:9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.
Collected 2026-08-29T05:44:07Z. Source file · JSON