{"data":{"id":"us-sc/s.c.-code-ann.-36-9-329","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 36-9-329","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 36-9-107 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 36-9-314 rank according to priority in time of obtaining control.","path":["Title 36 - COMMERCIAL CODE","CHAPTER 9 Commercial Code—Secured Transactions","Part 3 Perfection and Priority"],"source_url":"https://www.scstatehouse.gov/code/t36c009.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:08:49Z","sha256":"ba704d114a1670094b5e31f945d5f6cf99296fa8ab33cdfd62ade7a6682d9d97","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-36-9-328","next":"us-sc/s.c.-code-ann.-36-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}