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 Section 7-9A-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 Section 7-9A-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 Section 7-9A-104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.
Structure Code of Alabama
Article 9A - Secured Transactions.
Part 3 - Perfection and Priority.
Section 7-9A-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers.
Section 7-9A-320 - Buyer of Goods; Alabama Farmers Credit Protection Fund.
Section 7-9A-323 - Future Advances.
Section 7-9A-324 - Priority of Purchase-Money Security Interests.
Section 7-9A-325 - Priority of Security Interests in Transferred Collateral.
Section 7-9A-326 - Priority of Security Interests Created by New Debtor.
Section 7-9A-327 - Priority of Security Interests in Deposit Account.
Section 7-9A-328 - Priority of Security Interests in Investment Property.
Section 7-9A-329 - Priority of Security Interests in Letter-of-Credit Right.
Section 7-9A-330 - Priority of Purchaser of Chattel Paper or Instrument.
Section 7-9A-332 - Transfer of Money; Transfer of Funds From Deposit Account.
Section 7-9A-333 - Priority of Certain Liens Arising by Operation of Law.
Section 7-9A-334 - Priority of Security Interests in Fixtures and Crops.
Section 7-9A-335 - Accessions.
Section 7-9A-336 - Commingled Goods.
Section 7-9A-337 - Priority of Security Interests in Goods Covered by Certificate of Title.