Colo. Rev. Stat. § 4-9-329
Priority of security interests in letter-of-credit right
Colorado · Colorado Revised Statutes Title 4 — Uniform Commercial Code · Status: effective
Cite this
- Citation
- Colo. Rev. Stat. § 4-9-329, Priority of security interests in letter-of-credit right, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2283307
- Permanent ID
ys:prov:2283307@1- SHA-256
1b0e1610170a6f9e5dc552ee8c97b2549246d002c745664a712378f6096ae693
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
The following rules govern priority among conflicting security interests in the same letter-of-credit right:
(1) A security interest held by a secured party having control of the letter-of-credit right under section 4-9-107 has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.
(2) Security interests perfected by control under section 4-9-314 rank according to priority in time of obtaining control.