Section 355.9-327 - Priority of security interests in deposit accountThe 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 KRS 355.9-104 has priority over a conflicting security interest held by a secured party that does not have control.(2) Except as otherwise provided in subsections (3) and (4) of this section, security interests perfected by control under KRS 355.9-314 rank according to priority in time of obtaining control.(3) Except as otherwise provided in subsection (4) of this section, 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 KRS 355.9-104(1)(c) has priority over a security interest held by the bank with which the deposit account is maintained.Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 67, effective7/1/2001.