{"data":{"id":"us-mt/30-9a-329","jurisdiction":"us-mt","citation":"30-9A-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 30-9A-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 30-9A-314 rank according to priority in time of obtaining control.","path":["TITLE 30. TRADE AND COMMERCE","CHAPTER 9A. UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS","Part 3. Perfection and Priority"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_009A/part_0030/section_0290/0300-009A-0030-0290.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:14Z","sha256":"8447a6ca24f73f82d44c7e945d45c3da533f4e09d68009e3202140dfca7178fd","source_id":"us-mt","stale":false,"prev":"us-mt/30-9a-328","next":"us-mt/30-9a-330"},"notice":"GroundRules: Original legal text. Not legal advice."}