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South Carolina · Through 2025 Session of the General Assembly

S.C. Code Ann. § 36-9-327: Priority of security interests in deposit account.

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Where this section sits in the code
  1. Title 36 - COMMERCIAL CODE
  2. CHAPTER 9 Commercial Code—Secured Transactions
  3. Part 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 Section 36-9-104 has priority over a conflicting security interest held by a secured party that does not have control.

(2) Except as otherwise provided in items (3) and (4), security interests perfected by control under Section 36-9-314 rank according to priority in time of obtaining control.

(3) Except as otherwise provided in item (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 36-9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.

Collected 2026-09-02T07:08:49Z. Source file · JSON

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