{"data":{"id":"us-ct/conn.-gen.-stat.-42a-9-329","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-9-329","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(1) A security interest held by a secured party having control of the letter-of-credit right under section 42a-9-107 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 42a-9-314 rank according to priority in time of obtaining control.","path":["TITLE 42a. UNIFORM COMMERCIAL CODE","ARTICLE 9*. SECURED TRANSACTIONS","PART 3. PERFECTION AND PRIORITY"],"source_url":"https://www.cga.ct.gov/current/pub/art_009.htm#sec_42a-9-329","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:15Z","sha256":"8b71d040aba7fa971b7e1cdad2c9e5ecb84d36ff1ac6e4d2c979ae1f60bb4667","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-9-328","next":"us-ct/conn.-gen.-stat.-42a-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}