§ 34.1-9-304 — Law governing perfection and priority of security interests in deposit accounts

(a) The local law of a bank's jurisdiction governs
perfection, the effect of perfection or nonperfection, and the
priority of a security interest in a deposit account maintained
with that bank.
(b) The following rules determine a bank's jurisdiction
for purposes of this part:
(i) If an agreement between the bank and the debtor
governing the deposit account expressly provides that a
particular jurisdiction is the bank's jurisdiction for purposes
of this part, this article or this title, that jurisdiction is
the bank's jurisdiction;
(ii) If paragraph (i) does not apply and an agreement
between the bank and its customer governing the deposit account
expressly provides that the agreement is governed by the law of
a particular jurisdiction, that jurisdiction is the bank's
jurisdiction;
(iii) If neither paragraph (i) nor (ii) applies and
an agreement between the bank and its customer governing the
deposit account expressly provides that the deposit account is
maintained at an office in a particular jurisdiction, that
jurisdiction is the bank's jurisdiction;
(iv) If none of the preceding paragraphs applies, the
bank's jurisdiction is the jurisdiction in which the office
identified in an account statement as the office serving the
customer's account is located;
(v) If none of the preceding paragraphs applies, the
bank's jurisdiction is the jurisdiction in which the chief
executive office of the bank is located.