Alaska Statutes Title 45. Trade and Commerce § 45.29.327. Priority of security interests in deposit account
Current as of January 01, 2022 | Updated by FindLaw Staff
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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.
Cite this article: FindLaw.com - Alaska Statutes Title 45. Trade and Commerce § 45.29.327. Priority of security interests in deposit account - last updated January 01, 2022 | https://codes.findlaw.com/ak/title-45-trade-and-commerce/ak-st-sect-45-29-327.html
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