355.9-327 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 KRS 355.9-104 has priority over a conflicting security interest held by a secured party that does not have control. (2) Except as otherwise provided in subsections (3) and (4) of this section, security interests perfected by control under KRS 355.9-314 rank according to priority in time of obtaining control. (3) Except as otherwise provided in subsection (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 KRS 355.9-104(1)(c) has priority over a security interest held by the bank with which the deposit account is maintained. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 67, effective July 1, 2001.
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