{"data":{"id":"us-md/md.-code-commercial-law-9-329","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 9–329","heading":"","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 § 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 § 9-314 rank according to priority in time of obtaining control.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=9-329","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"44726815cd6d75d569eb7703faf45005ddb992eda6981e796583c50a244a1b21","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-9-328","next":"us-md/md.-code-commercial-law-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}