Wyoming § 34.1-9-329 Priority of security interests in
letter-of-credit right

Wyoming Statutes

§ 34.1-9-329 — Priority of security interests in letter-of-credit right

Wyoming·Title 34.1 Uniform Commercial Code·Art. 9 SECURED TRANSACTIONS

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

(i)A security interest held by a secured party having control of the letter-of-credit right under section 34.1-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control;

(ii)Security interests perfected by control under section 34.1-9-314 rank according to priority in time of obtaining control.

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(a) The following rules govern priority among conflicting
security interests in the same letter-of-credit right:
(i) A security interest held by a secured party
having control of the letter-of-credit right under section
34.1-9-107 has priority to the extent of its control over a
conflicting security interest held by a secured party that does
not have control;
(ii) Security interests perfected by control under
section 34.1-9-314 rank according to priority in time of
obtaining control.

Wyoming § 34.1-9-329 (Priority of security interests in letter-of-credit right) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.