{"data":{"id":"us-mn/minn.-stat.-336.9-329","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.9-329","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 section 336.9-107 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 336.9-314 rank according to priority in time of obtaining control.","path":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","SUBPART 3. PRIORITY"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.9-329","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"85a4b2a484a0a5bc6ae64acbd6fce3fba405ff199acd1ea373982d6b60bb00fe","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.9-328","next":"us-mn/minn.-stat.-336.9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}