Sec. 9327.
The following rules govern priority among conflicting security interests in the same deposit account:
(a) A security interest held by a secured party having control of the deposit account under section 9104 has priority over a conflicting security interest held by a secured party that does not have control.
(b) Except as otherwise provided in subdivisions (c) and (d), security interests perfected by control under section 9314 rank according to priority in time of obtaining control.
(c) Except as otherwise provided in subdivision (d), 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.
(d) A security interest perfected by control under section 9104(1)(c) has priority over a security interest held by the bank with which the deposit account is maintained.
History: Add. 2000, Act 348, Eff. July 1, 2001
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 9 - Secured Transactions (440.9101...440.9994)
174-1962-9-3 - Part 3 Perfection and Priority (440.9301...440.9342)
174-1962-9-3-3. - Subpart 3. Priority (440.9317...440.9339)
Section 440.9319 - Rights and Title of Consignee With Respect to Creditors and Purchasers.
Section 440.9320 - Buyer of Goods.
Section 440.9323 - Future Advances.
Section 440.9324 - Priority of Purchase-Money Security Interests.
Section 440.9325 - Priority of Security Interests in Transferred Collateral.
Section 440.9326 - Priority of Security Interests Created by New Debtor.
Section 440.9327 - Priority of Security Interests in Deposit Account.
Section 440.9328 - Priority of Security Interests in Investment Property.
Section 440.9329 - Priority of Security Interests in Letter-of-Credit Right.
Section 440.9330 - Priority of Purchaser of Chattel Paper or Instrument.
Section 440.9332 - Transfer of Money; Transfer of Funds From Deposit Account.
Section 440.9333 - Priority of Certain Liens Arising by Operation of Law.
Section 440.9334 - Priority of Security Interests in Fixtures and Crops.
Section 440.9335 - Accessions.
Section 440.9336 - Commingled Goods.
Section 440.9337 - Priority of Security Interests in Goods Covered by Certificate of Title.