57A-9-327. Priority among conflicting security interests in same 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 §57A-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 §57A-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 §57A-9-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained. Source: SL 2000, ch 231.
South Dakota Legal Code