{"data":{"id":"us-ma/mass.-gen.-laws-ch.-106-9-329","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 106, § 9-329","heading":"Priority of Security Interests in Letter-of-credit Right","body":"Section 9–329. 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":["Part I","Title XV","Chapter 106","Article 9"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Section9-329","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:22:30Z","sha256":"17164c33b0db3060feecedd8aa0cc28e36441c0285da50ef65c843748cc1e4e3","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-106-9-328","next":"us-ma/mass.-gen.-laws-ch.-106-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}