§9-1326-A. Priority of security interest in controllable account, controllable electronic record and controllable payment intangible
62 words·~1 min read·
/me/title-11-uniform-commercial-code/9-1326-a·A 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. [PL 2023, c. 669, Pt. A, §124 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]