{"data":{"id":"us-vt/9a-v.s.a.-9-329","jurisdiction":"us-vt","citation":"9A V.S.A. § 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 9—107 of this title 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 9—314 of this title rank according to priority in time of obtaining control.","path":["Title 9A: Uniform Commercial Code","Article 009: Secured Transactions"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/009","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:57:21Z","sha256":"22aa08ec19c9c2e125c1918bc4aa15c1e5439e4b9c3a7471fd7982c17f9d3168","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-9-328","next":"us-vt/9a-v.s.a.-9-330"},"notice":"GroundRules: Original legal text. Not legal advice."}