{"data":{"id":"us-or/ors-79a.3290","jurisdiction":"us-or","citation":"ORS 79A.3290","heading":"UCC 9-329. 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 ORS 79A.1070 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 ORS 79A.3140 rank according to priority in time of obtaining control.","path":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 79A — Secured Transactions"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors079A.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"feb8a41fcd6c8f5e5daa2641b216d9feb7673b3e41e5c2b1329d35147a625945","source_id":"us-or","stale":false,"prev":"us-or/ors-79a.3280","next":"us-or/ors-79a.3300"},"notice":"GroundRules: Original legal text. Not legal advice."}