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§ 9.327 — Delaware Law | CourtGPT
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  3. Delaware/
  4. Title 6 - Commerce and Trade/
  5. Article 9 - Secured Transactions/
  6. Part 3 - Perfection and Priority§ 9-301. Law Governing Perfection and Priority of Security Interests/
  7. § 9.327
Delaware Legal Code

§ 9.327

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§§ 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 Section 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 Section 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 Section 9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.72 Del. Laws, c. 401, § 1;