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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>71092</law_id><section_number>8.9A-327</section_number><catch_line>Priority of security interests in deposit account</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>8.9A-322</reference><reference>8.9A-324</reference><reference>8.9A-330</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="8.9A">Commercial Code &#x2014; Secured Transactions</unit><unit label="part" level="2" order_by="1" identifier="3">Perfection and Priority</unit><unit label="subpart" level="3" order_by="1" identifier="3">Priority</unit></structure><text>
						<section><p>The following rules govern priority among conflicting security interests in the same deposit account:</p></section>
						<section id="1"><p><span class="prefix-number">1.</span> A security interest held by a secured <span class="dictionary">party</span> having control of the deposit account under &#xA7; <a class="law" title="Control of deposit account" href="/8.9A-104/">8.9A-104</a> has priority over a conflicting security interest held by a secured <span class="dictionary">party</span> that does not have control. <a id="paragraph-256335" class="section-permalink" href="https://vacode.org/8.9A-327/#1"><i class="fa fa-link"/></a></p></section>
						<section id="2"><p><span class="prefix-number">2.</span> Except as otherwise provided in paragraphs (3) and (4), security interests perfected by control under &#xA7; <a class="law" title="Perfection by control" href="/8.9A-314/">8.9A-314</a> rank according to priority in time of obtaining control. <a id="paragraph-256336" class="section-permalink" href="https://vacode.org/8.9A-327/#2"><i class="fa fa-link"/></a></p></section>
						<section id="3"><p><span class="prefix-number">3.</span> 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 <span class="dictionary">party</span>. <a id="paragraph-256337" class="section-permalink" href="https://vacode.org/8.9A-327/#3"><i class="fa fa-link"/></a></p></section>
						<section id="4"><p><span class="prefix-number">4.</span> A security interest perfected by control under &#xA7; <a class="law" title="Control of deposit account" href="/8.9A-104/">8.9A-104</a> (a) (3) has priority over a security interest held by the bank with which the deposit account is maintained. <a id="paragraph-256338" class="section-permalink" href="https://vacode.org/8.9A-327/#4"><i class="fa fa-link"/></a></p></section></text><history>1996, c. 216, &#xA7; 8.9-115; 2000, c. 1007.</history><metadata></metadata></law>
