Senate Status:
2016 Statute
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84-9-327. 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 K.S.A. 2016 Supp. 84-9-104, and amendments thereto, 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 K.S.A. 2016 Supp. 84-9-314, and amendments thereto, 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 K.S.A. 2016 Supp. 84-9-104(a)(3), and amendments thereto, has priority over a security interest held by the bank with which the deposit account is maintained. |
History: L. 2000, ch. 142, § 47; July 1, 2001. |
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