Indiana § 26-1-9.1-327 Priority of security interests in deposit account

Indiana Statutes

§ 26-1-9.1-327 — Priority of security interests in deposit account

Indiana § 26-1-9.1-327

Title 26COMMERCIAL LAW

Art. 1UNIFORM COMMERCIAL CODE

Ch. 9.1Secured Transactions

This text of Indiana § 26-1-9.1-327 (Priority of security interests in deposit account) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 26-1-9.1-327 (2026).

Text

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 IC 26-1-9.1-104 has priority over a conflicting security interest held by a secured party that does not have control.

(2)Except as otherwise provided in subdivisions (3) and (4), security interests perfected by control under IC 26-1-9.1-314 rank according to priority in time of obtaining control.

(3)Except as otherwise provided in subdivision (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 IC 26-1-9.1-104(a)(3) has priority over

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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 IC 26-1-9.1-104 has priority over a
conflicting security interest held by a secured party that does not
have control.
(2) Except as otherwise provided in subdivisions (3) and (4),
security interests perfected by control under IC 26-1-9.1-314 rank
according to priority in time of obtaining control.
(3) Except as otherwise provided in subdivision (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 IC 26-1-9.1-104(a)(3) has priority over a security interest held by the
bank with which the deposit account is maintained.