Mich. Comp. Laws » Michigan Compiled Laws / Chapter 440 / Act 174 of 1962
Michigan Compiled Laws

Mich. Comp. Laws § 440.9327 (2026)

Priority of security interests in deposit account.

✓ current as of July 2026
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UNIFORM COMMERCIAL CODE


Act 174 of 1962


440.9327 Priority of security interests in deposit account.

Sec. 9327.

    The following rules govern priority among conflicting security interests in the same deposit account:

    (a) A security interest held by a secured party having control of the deposit account under section 9104 has priority over a conflicting security interest held by a secured party that does not have control.

    (b) Except as otherwise provided in subdivisions (c) and (d), security interests perfected by control under section 9314 rank according to priority in time of obtaining control.

    (c) Except as otherwise provided in subdivision (d), 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.

    (d) A security interest perfected by control under section 9104(1)(c) has priority over a security interest held by the bank with which the deposit account is maintained.

History: Add. 2000, Act 348, Eff. July 1, 2001

Notes of Decisions
Cited in 1 case, 2013–2013 · leading case: Ladd v. Motor City Plastics Co., 842 N.W.2d 388 (Mich. Ct. App. 2013).
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Ladd v. Motor City Plastics Co., 842 N.W.2d 388 (Mich. Ct. App. 2013). “” MCL 440.9327(c). Upon default, a bank that “holds a security interest in a deposit account perfected by control under [MCL 440.”
— Mich. Comp. Laws § 440.9327(c) — 1 case
Ladd v. Motor City Plastics Co., 842 N.W.2d 388 (Mich. Ct. App. 2013). “” MCL 440.9327(c). Upon default, a bank that “holds a security interest in a deposit account perfected by control under [MCL 440.”
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