Statute · New York Uniform Commercial Code

N.Y. U.C.C. Law § 9-327 — Priority of Security Interests in Deposit Account

N.Y. U.C.C. Law § 9-327

Type: Statute
Source: New York Uniform Commercial Code
Jurisdiction: New York
Current through: Nov 5, 2026 (NY Senate Open Legislation)

Section 9--327. Priority of Security Interests in Deposit Account.

Citator

N.Y. U.C.C. Law § 9-327 — Priority of Security Interests in Deposit Account is in force in the current edition of the Code, and nothing recorded condemns it.

Section 9--327. Priority of Security Interests in Deposit Account.

The following rules govern priority among conflicting security interests in the same deposit account:

(a) A security interest held by a secured party having control of the deposit account under Section 9--104 has priority over a conflicting security interest held by a secured party that does not have control.

(b) Except as otherwise provided in subsections (c) and (d), security interests perfected by control under Section 9--314 rank according to priority in time of obtaining control.

(c) Except as otherwise provided in subsection (d), 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.

(d) A security interest perfected by control under Section 9--104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.