{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-1-9-329","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-1-9-329","heading":"Priority of security interests in letter-of-credit","body":"right.\n\nPRIORITY OF SECURITY INTERESTS IN LETTER-OF-CREDIT RIGHT\n\nThe following rules govern priority among conflicting security\n\ninterests in the same letter-of-credit right:\n\n(1) A security interest held by a secured party having control\n\nof the letter-of-credit right under Section 1-9-107 of this title\n\nhas priority to the extent of its control over a conflicting\n\nsecurity interest held by a secured party that does not have\n\ncontrol.\n\n(2) Security interests perfected by control under Section 1-9-\n\n314 of this title rank according to priority in time of obtaining\n\ncontrol.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"a49fac8aa23edf7aebc7b1a89a13f8b3250f7f1ecc938bc36fec394e0b5b07dc","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-1-9-328","next":"us-ok/okla.-stat.-tit.-12a-12a-1-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}