{"data":{"id":"us-dc/d.c.-code-28-9-329","jurisdiction":"us-dc","citation":"D.C. Code § 28:9-329","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\n(1)\nA security interest held by a secured party having control of the letter-of-credit right under § 28:9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.\n\n(2)\nSecurity interests perfected by control under § 28:9-314 rank according to priority in time of obtaining control.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 9. Secured Transactions.","Part III. Perfection and Priority.","Subpart 3. Priority."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:9-329","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"fb24e297d1ee060b0621669b1e93a0c9ae3d0eff66980478df153098cf7e0666","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-9-328","next":"us-dc/d.c.-code-28-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}