Colorado § 4-9-329 Priority of security interests in letter-of-credit right

Colorado Statutes

§ 4-9-329 — Priority of security interests in letter-of-credit right

Colorado § 4-9-329

Title 04Uniform

Art.Secured Transactions

This text of Colorado § 4-9-329 (Priority of security interests in letter-of-credit right) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-9-329 (2026).

Text

The following rules govern priority among conflicting security interests in the same letter-of-credit right:

(1)A security interest held by a secured party having control of the letter-of-credit right under section 4-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.

(2)Security interests perfected by control under section 4-9-314 rank according to priority in time of obtaining control.

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The
following rules govern priority among conflicting security interests in the same
letter-of-credit right:

(1) A security interest held by a secured party having control of the letter-of-credit right under section 4-9-107 has priority to the extent of its control over a
conflicting security interest held by a secured party that does not have control.

(2) Security interests perfected by control under section 4-9-314 rank
according to priority in time of obtaining control.