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·Title 04 Uniform·Art. Secured Transactions

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.

Colorado § 4-9-329 (Priority of security interests in letter-of-credit right) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.