{"data":{"id":"us-ia/iowa-code-554.9329","jurisdiction":"us-ia","citation":"Iowa Code § 554.9329","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:\n1. A security interest held by a secured party having control of the letter-of-credit right under section 554.9107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.\n2. Security interests perfected by control under section 554.9314 rank according to priority in time of obtaining control.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 9 - SECURED TRANSACTIONS","Part 3 - PERFECTION AND PRIORITY","Subpart C - PRIORITY"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.9329.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"504c5505701a5e4ff1cf10a0e5507067c3a3750959739ef5b015453ead0a2ac4","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.9328","next":"us-ia/iowa-code-554.9330"},"notice":"GroundRules: Original legal text. Not legal advice."}