{"data":{"id":"us-va/va.-code-8.9a-329","jurisdiction":"us-va","citation":"Va. Code § 8.9A-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:(1) A security interest held by a secured party having control of the letter-of-credit right under § 8.9A-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.(2) Security interests perfected by control under § 8.9A-314 rank according to priority in time of obtaining control.2000, c. 1007.","path":["Title 8.9A. COMMERCIAL CODE — SECURED TRANSACTIONS","Part 3. PERFECTION AND PRIORITY","Subpart 3. PRIORITY"],"source_url":"https://law.lis.virginia.gov/vacode/8.9A-329/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:29Z","sha256":"693bfdd96b0f56828e5d797a943ec6ae08e790d2537a9f2a26884beae3caad91","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.9a-328","next":"us-va/va.-code-8.9a-330"},"notice":"GroundRules: Original legal text. Not legal advice."}