Secured Transactions

ORS 79.0327
UCC 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 ORS 79.0104 (UCC 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 subsections (3) and (4) of this section, security interests perfected by control under ORS 79.0314 (UCC 9-314) rank according to priority in time of obtaining control.

(3)

Except as otherwise provided in subsection (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 ORS 79.0104 (UCC 9-104) (1)(c) has priority over a security interest held by the bank with which the deposit account is maintained. [2001 c.445 §47]
Source

Last accessed
May 30, 2023

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