Priority of security interests in deposit account.

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 554.9104 has priority over a conflicting security interest held by a secured party that does not have control. 2. Except as otherwise provided in subsections 3 and 4 , security interests perfected by control under section 554.9314 rank according to priority in time of obtaining control. 3. Except as otherwise provided in subsection 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 554.9104, subsection 1 , paragraph “c” , has priority over a security interest held by the bank with which the deposit account is maintained. 2000 Acts, ch 1149, §47, 187 Referred to in §554.9322 , 554.9324 , 554.9330