{"data":{"id":"us-pa/13-pa.c.s.-9329","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 9329","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 9107 (relating to control of letter-of-credit right) 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 9314 (relating to perfection by control) rank according to priority in time of obtaining control.","path":["Title 13 - COMMERCIAL CODE","CHAPTER 93 PERFECTION AND PRIORITY","SUBCHAPTER C PRIORITY"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=93\u0026sctn=29\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"4a258234c53840ca5e80976bb9483f184db70a130c59e2c221ff1f5679269edf","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-9328","next":"us-pa/13-pa.c.s.-9330"},"notice":"GroundRules: Original legal text. Not legal advice."}