Sec. 9-326A. Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible.
62 words·~1 min read·
/il/chapter-810/act-5/9-326aA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 9-326A. Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible. 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.