D.C. Code § 28:9-327

Current through codified legislation effective September 18, 2024
Section 28:9-327 - Priority of security interests in deposit account

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 § 28:9-104 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 § 28:9-314 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 § 28:9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.

D.C. Code § 28:9-327

Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.