{"data":{"id":"us-sd/sdcl-57a-9-329","jurisdiction":"us-sd","citation":"SDCL § 57A-9-329","heading":"Priority among conflicting security interests in same 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 § 57A-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 § 57A-9-314 rank according to priority in time of obtaining control.\nSource: SL 2000, ch 231.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-9. SECURED TRANSACTIONS"],"source_url":"https://sdlegislature.gov/Statutes/57A-9-329","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"1eaa31cb1feabe73d5d3bf24e45af14ec6660cf18f15d13969da205362acc6c8","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-9-328","next":"us-sd/sdcl-57a-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}