{"data":{"id":"us-la/rs-10-9-329","jurisdiction":"us-la","citation":"RS 10:9-329","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 R.S. 10:9-107 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 R.S. 10:9-314 rank according to priority in time of obtaining control.","path":["TITLE 10. COMMERCIAL LAWS"],"source_url":"https://www.legis.la.gov/legis/Law.aspx?d=74430","current_through":"2025 First Extraordinary Session","vintage":"","retrieved_at":"2026-09-14T04:50:09Z","sha256":"c8a5eb67fde35fbd782737a5b881d1bae072e9546875d0167fb8da763b3d711e","source_id":"us-la","stale":false,"prev":"us-la/rs-10-9-328","next":"us-la/rs-10-9-329.1"},"notice":"GroundRules: Original legal text. Not legal advice."}