{"data":{"id":"us-ga/o.c.g.a.-11-9-329","jurisdiction":"us-ga","citation":"O.C.G.A. § 11-9-329","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 Code Section 11-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control; and\n(2) Security interests perfected by control under Code Section 11-9-314 rank according to priority in time of obtaining control.","path":["TITLE 11 Commercial Code","Article 9 Secured Transactions","PART 3 Perfection and Priority","Subpart 3 Priority"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.11.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"b52e5ad277848f57deb4646f27a05c2793e85c12524ca06787dbfcd047469352","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-11-9-328","next":"us-ga/o.c.g.a.-11-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}