Priority of security interests in letter-of-credit right - UCC 9-329

The following govern priority among conflicting security interests in the same letter-of-credit right:(A) A security interest held by a secured party having control of the letter-of-credit right under section 1309.107 of the Revised Code has priority to the extent of its control over a conflicting security interest held by a secured party that does not have control.(B) Security interests perfected by control under section 1309.314 of the Revised Code rank according to priority in time of obtaining control.