{"data":{"id":"us-ca/com-9329","jurisdiction":"us-ca","citation":"COM § 9329","heading":"","body":"The following rules govern priority among conflicting security interests in the same letter-of-credit right:\n(1) A security interest held by a secured party having control of the letter-of-credit right under Section 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(2) Security interests perfected by control under Section 9314 rank according to priority in time of obtaining control.","path":["Commercial Code - COM","DIVISION 9. SECURED TRANSACTIONS [9101. - 9907.]","CHAPTER 3. Perfection and Priority [9301. - 9342.]"],"source_url":"https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zip","current_through":"2026-09-13","vintage":"","retrieved_at":"2026-09-14T05:56:33Z","sha256":"931127efe5d464819d4280e0e64013cdf11f0e5448a9f2cf18af9d60f724397d","source_id":"us-ca","stale":false,"prev":"us-ca/com-9328","next":"us-ca/com-9330"},"notice":"GroundRules: Original legal text. Not legal advice."}