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Minnesota · Through 2025 Minnesota Statutes

Minn. Stat. § 336.9-327: PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNT.

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Where this section sits in the code
  1. TRADE REGULATIONS, CONSUMER PROTECTION
  2. CHAPTER 336. UNIFORM COMMERCIAL CODE
  3. 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 section 336.9-104 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 336.9-314 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 336.9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.

Collected 2026-09-02T22:10:43Z. Source file · JSON

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