{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-329","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-329","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)\tA security interest held by a secured party having control of the letter-of-credit right under G.S. 25-9-107 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)\tSecurity interests perfected by control under G.S. 25-9-314 rank according to priority in time of obtaining control. (1997-181, s. 5; 2000-169, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 3. Perfection and Priority."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-329.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"ac6e1d2dbbc8b2238afe31934b93fb7c12f309d729aaab0f49249c4e626343bb","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-328","next":"us-nc/n.c.-gen.-stat.-25-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}