{"data":{"id":"us-ri/r.i.-gen.-laws-6a-9-329","jurisdiction":"us-ri","citation":"R.I. Gen. Laws § 6A-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 § 6A-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 § 6A-9-314 rank according to priority in time of obtaining control.","path":["Title 6A Uniform Commercial Code","Chapter 9 Secured Transactions","Part 3 Perfection and Priority","Subpart 3 Priority"],"source_url":"https://webserver.rilegislature.gov/Statutes/TITLE6A/6A-9/6A-3/6A-3/6A-9-329.htm","current_through":"site files published 2025-08-13","vintage":"","retrieved_at":"2026-09-05T18:30:09Z","sha256":"97975d59aae8a3413fda36013eb334d69928b838b6304a47f23c838da32bd4c4","source_id":"us-ri","stale":true,"prev":"us-ri/r.i.-gen.-laws-6a-9-328","next":"us-ri/r.i.-gen.-laws-6a-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}