{"data":{"id":"us-ne/neb.-u.c.c.-9-329","jurisdiction":"us-ne","citation":"Neb. U.C.C. § 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 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":["Uniform Commercial Code","Article 9"],"source_url":"https://nebraskalegislature.gov/laws/ucc.php?code=9-329","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:12Z","sha256":"76db7dc90ff868ad07f4c4011ad21edd8bb803c4bffa55df9805f64b4e9f20d6","source_id":"us-ne","stale":false,"prev":"us-ne/neb.-u.c.c.-9-328","next":"us-ne/neb.-u.c.c.-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}