Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 409. Uniform Commercial Code — Secured Transactions |
SubChapter III. PERFECTION AND PRIORITY |
Section 409.327. Priority of security interests in deposit account.
Latest version.
- The following rules govern priority among conflicting security interests in the same deposit account:(1) Control by secured party. A security interest held by a secured party having control of the deposit account under s. 409.104 has priority over a conflicting security interest held by a secured party that does not have control.(2) Priority in time of control. Except as otherwise provided in subs. (3) and (4) , security interests perfected by control under s. 409.314 rank according to priority in time of obtaining control.(3) Priority of bank regarding deposit account. Except as otherwise provided in sub. (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) Priority over bank regarding deposit account. A security interest perfected by control under s. 409.104 (1) (c) has priority over a security interest held by the bank with which the deposit account is maintained.