Va. Code § 8.9A-327
Priority of security interests in deposit account
Virginia · Code of Virginia Title 8.9A — Commercial Code — Secured Transactions · Status: effective
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- Citation
- Va. Code § 8.9A-327, Priority of security interests in deposit account, Virginia, version 1 as recorded 2026-09-27, yourstate.us, https://yourstate.us/provision/1399490
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Full text
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 § 8.9A-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 § 8.9A-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 § 8.9A-104 (a) (3) has priority over a security interest held by the bank with which the deposit account is maintained.