New Jersey § 12a:9-329
Full text of New Jersey New Jersey Statutes § 12a:9-329, with citation guidance and answers to common questions.
§ 12a:9-329.
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 12A:9-107 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 12A:9-314 rank according to priority
in time of obtaining control.
Frequently Asked Questions About New Jersey § 12a:9-329
What does New Jersey Statutes § 12a:9-329 cover?
Section 12a:9-329 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 12a:9-329?
A common citation format is "New Jersey Statutes § 12a:9-329" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-329 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.