Tex. Bus. & Com. Code § 9.327 · Subchapter C. PERFECTION AND PRIORITY
PRIORITY OF SECURITY INTERESTS IN DEPOSIT ACCOUNT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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 Section 9.104 has priority over a conflicting security interest held by a secured party that does not have control.
(2) Except as otherwise provided in Subdivisions (3) and (4), security interests perfected by control under Section 9.314 rank according to priority in time of obtaining control.
(3) Except as otherwise provided in Subdivision (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 Section 9.104(a)(3) has priority over a security interest held by the bank with which the deposit account is maintained.
Notes and commentary — not statutory text
History
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm
- Text hash
- sha256 e459517e1e56519ec021f6c47b06e92b3aeca827edebbab032d4ae0ca8b5ece3
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 9.327. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.322PRIORITIES AMONG CONFLICTING SECURITY INTERESTS IN AND AGRICULTURAL LIENS ON SAME COLLATERAL.Printed as Section 9.327, 9.328, 9.329, 9.330, or 9.331
- Tex. Bus. & Com. Code § 9.324PRIORITY OF PURCHASE-MONEY SECURITY INTERESTS.Printed as Section 9.327
- Tex. Bus. & Com. Code § 9.330PRIORITY OF PURCHASER OF CHATTEL PAPER OR INSTRUMENT.Printed as Section 9.327
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.