Section 45.29.327. 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 AS 45.29.104 has priority over a conflicting security interest held by a secured party that does not have control;
        (2) except as otherwise provided in (3) and (4) of this section, security interests perfected by control under AS 45.29.314 rank according to priority in time of obtaining control;
        (3) except as otherwise provided in (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 AS 45.29.104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.

Authorities

45.29.322;45.29.324;45.29.330

Notes

References

AS 45.29.322 Priorities among conflicting security interests in and agricultural liens on same collateral.
AS 45.29.324 Priority of purchase money security interests.
AS 45.29.330 Priority of purchaser of chattel paper or instrument.

History

(Sec. 1 ch 113 SLA 2000)