§ 679.329, Fla. Stat. · Part III. PERFECTION AND PRIORITY
Priority of security interests in letter-of-credit right.
Text — 2026 Florida Statutes
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 s. 679.1071 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 s. 679.3141 rank according to priority in time of obtaining control.
Notes and commentary — not statutory text
History
s. 3, ch. 2001-198; s. 161, ch. 2025-92.
Source of truth
- Edition
- 2026 Florida Statutes
- Official file
- https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0679/0679.html
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