Home Table of Contents

§ 9327. Priority of security interests in deposit account

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: July 1, 2001

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 13 Pa.C.S.A. Commercial Code (Refs & Annos)
Division 9. Secured Transactions (Refs & Annos)
Chapter 93. Perfection and Priority
Subchapter C. Priority
Effective: July 1, 2001
13 Pa.C.S.A. § 9327
§ 9327. Priority of security interests in deposit account
Currentness
The following rules govern priority among conflicting security interests in the same deposit account:
(1) A security interest held by a secured party having control of the deposit account under section 9104 (relating to control of deposit account) has priority over a conflicting security interest held by a secured party that does not have control.
(2) Except as otherwise provided in paragraphs (3) and (4), security interests perfected by control under section 9314 (relating to perfection by control) rank according to priority in time of obtaining control.
(3) Except as otherwise provided in paragraph (4), a security interest held by the bank with which the deposit account is maintained has priority over a conflicting security interest held by another secured party.
(4) A security interest perfected by control under section 9104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.

Credits

2001, June 8, P.L. 123, No. 18, § 16, effective July 1, 2001.
13 Pa.C.S.A. § 9327, PA ST 13 Pa.C.S.A. § 9327
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document