9329 - Priority of security interests in letter-of-credit right.

     § 9329.  Priority of security interests in letter-of-credit                right.        The following rules govern priority among conflicting     security interests in the same letter-of-credit right:            (1)  A security interest held by a secured party having        control of the letter-of-credit right under section 9107        (relating to control of letter-of-credit right) has priority        to the extent of its control over a conflicting security        interest held by a secured party that does not have control.            (2)  Security interests perfected by control under        section 9314 (relating to perfection by control) rank        according to priority in time of obtaining control.        Cross References.  Section 9329 is referred to in section     9322 of this title.