{"data":{"id":"us-ky/krs-355.9-329","jurisdiction":"us-ky","citation":"KRS 355.9-329","heading":"Priority of security interests in letter-of-credit right.","body":"The following rules govern priority among conflicting security interests in the same\nletter-of-credit right:\n(1) A security interest held by a secured party having control of the letter-of-credit right\nunder KRS 355.9 -107 has priority to the extent of its control over a conflicting\nsecurity interest held by a secured party that does not have control.\n(2) Security interests perfected by control under KRS 355.9 -314 rank according to\npriority in time of obtaining control.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33782","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:48Z","sha256":"bbf729653d0ca6fc71d15ed5a21b217cd310f632b1219ea6675625580cae1295","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.9-328","next":"us-ky/krs-355.9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}