{"data":{"id":"us-de/6-del.-c.-9-329","jurisdiction":"us-de","citation":"6 Del. C. § 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 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 9-314 rank according to priority in time of obtaining control.","path":["Title 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 9. Secured Transactions","Part 3","Perfection and Priority"],"source_url":"https://delcode.delaware.gov/title6/c009/sc03/index.html#9-329","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"39f195d388b057bc62eaf774aa913b2a496925a6856f8ca229b3506e6e525ff3","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-9-328","next":"us-de/6-del.-c.-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}