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 § 34.1-9-329

Title 34.1Uniform Commercial Code

Art. 9SECURED TRANSACTIONS

This text of Wyoming § 34.1-9-329 (Priority of security interests in letter-of-credit right) is published on Counsel Stack Legal Research, covering Wyoming primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Wyo. Stat. Ann. § 34.1-9-329 (2026).

Text

(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.