Utah Code » Title 70A, Chapter 9a — Uniform Commercial Code - Secured Transactions; part 70A-9a-3 — Perfection and Priority
Utah Code

Utah Code § 70A-9a-327 (2026)

Priority of security interests in deposit account

✓ current as of May 2026
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The following rules govern priority among conflicting security interests in the same deposit account:

A security interest held by a secured party having control of the deposit account under Section 70A-9a-104 has priority over a conflicting security interest held by a secured party that does not have control.
Except as otherwise provided in Subsections (3) and (4), security interests perfected by control under Section 70A-9a-314 rank according to priority in time of obtaining control.
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.
A security interest perfected by control under Subsection 70A-9a-104(1)(c) has priority over a security interest held by the bank with which the deposit account is maintained.
Notes of Decisions
Cited in 1 case, 2012–2012 · leading case: Platte Valley Bank v. Tetra Fin. Grp., LLC, 682 F.3d 1078 (8th Cir. 2012).
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Platte Valley Bank v. Tetra Fin. Grp., LLC, 682 F.3d 1078 (8th Cir. 2012). · cites it 5× “Utah Code Ann. § 70A-9a-327. A secured party has control of a deposit account if: (a) the secured party is the bank with which the deposit account is maintained; [or] (c) the secured party becomes the bank’s customer with respect to the deposit account.”
— Utah Code § 70A-9a-327(3) — 1 case
Platte Valley Bank v. Tetra Fin. Grp., LLC, 682 F.3d 1078 (8th Cir. 2012). “Utah Code Ann. § 70A-9a-327. A secured party has control of a deposit account if: (a) the secured party is the bank with which the deposit account is maintained; [or] (c) the secured party becomes the bank’s customer with respect to the deposit account.”
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