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§ 47-9327 Priority of security interests in deposit account

AZ Rev Stat § 47-9327 (2019) (N/A)
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47-9327. Priority of security interests in deposit account

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 section 47-9104 has priority over a conflicting security interest held by a secured party that does not have control.

2. Except as otherwise provided in paragraphs 3 and 4 of this section, security interests perfected by control under section 47-9314 rank according to priority in time of obtaining control.

3. Except as otherwise provided in paragraph 4 of this section, 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 section 47-9104, subsection A, paragraph 3 has priority over a security interest held by the bank with which the deposit account is maintained.

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