{"data":{"id":"us-tn/tenn.-code-ann.-47-9-329","jurisdiction":"us-tn","citation":"Tenn. Code Ann. § 47-9-329","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 § 47-9-107 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 § 47-9-314 rank according to priority in time of obtaining control.","path":["Title 47 Commercial Instruments And Transactions","Chapter 9 Secured Transactions","Part 3 Perfection and Priority","3. Priority"],"source_url":"https://archive.org/download/gov.tn.tca/release76.2021.05.21/gov.tn.tca.title.47.odt","current_through":"2021-05-21","vintage":"Tennessee Code Release 76 (2021-05), retrieved 2026-09-17; absent from the newer snapshot, which serves other sections of this chapter, so it may since have been repealed or amended","retrieved_at":"2026-09-17T21:55:59Z","sha256":"ae855f85c696b77f735acbef442edfc04c6d08a75a0d63b8b69dfd690722b98f","source_id":"us-tn","stale":true,"prev":"us-tn/tenn.-code-ann.-47-9-328","next":"us-tn/tenn.-code-ann.-47-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}