Section 7-9A-326A Priority of Security Interest in Controllable Account, Controllable Electronic Record, and Controllable Payment Intangible.
46 words·~1 min read·
/al/title-7-commercial-code/division-3-priority/7-9a-326aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A security interest in a controllable account, controllable electronic record, or controllable payment intangible held by a secured party having control of the account, electronic record, or payment intangible has priority over a conflicting security interest held by a secured party that does not have control.