Title 6A
Uniform Commercial Code
Chapter 9
Secured Transactions
Part 3
Perfection and Priority
Subpart 3
Priority
R.I. Gen. Laws § 6A-9-327
§ 6A-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 § 6A-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 paragraphs (3) and (4), security interests perfected by control under § 6A-9-314 rank according to priority in time of obtaining control.
(3) Except as otherwise provided in paragraph (4), 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 § 6A-9-104(a)(3)has priority over a security interest held by the bank with which the deposit account is maintained.
History of Section.
P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.