{"data":{"id":"us-az/a.r.s.-47-9329","jurisdiction":"us-az","citation":"A.R.S. § 47-9329","heading":"Priority of security interests in letter-of-credit right","body":"The following rules govern priority among conflicting security interests in the same letter-of-credit right:\n\n1. A security interest held by a secured party having control of the letter-of-credit right under section 47-9107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.\n\n2. Security interests perfected by control under section 47-9314 rank according to priority in time of obtaining control.","path":["Title 47 Weights and Measures"],"source_url":"https://www.azleg.gov/ars/47/09329.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"6d6555daa7457ffae7eb1f7aa1d59d183b7cca5f47d66cd29a6de41813323dd1","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-47-9328","next":"us-az/a.r.s.-47-9330"},"notice":"GroundRules: Original legal text. Not legal advice."}