24.44.270 Priority of Security Interests in Deposit Account Uncertificated Certificate of Deposit

The following rules govern priority among conflicting security interests in the same deposit account or uncertificated certificate of deposit:

(a) A security interest held by a secured party having control of the deposit account or uncertificated certificate of deposit under Section 24.42.040 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 24.44.140 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 or uncertificated certificate of deposit is maintained has priority over a conflicting security interest held by another secured party.

(d) A security interest perfected by control under subdivision (3) of subsection (a) of Section 24.42.040 has priority over a security interest held by the bank with which the deposit account or uncertificated certificate of deposit is maintained.