South Dakota § 57A-9-329 - Priority among conflicting security interests in same letter-of-credit right.
Full text of South Dakota South Dakota Codified Laws § 57A-9-329 — Priority among conflicting security interests in same letter-of-credit right., with citation guidance and answers to common questions.
§ 57A-9-329. Priority among conflicting security interests in same 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 § 57A-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 § 57A-9-314 rank according to priority in time of obtaining control.
Source: SL 2000, ch 231.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 57A-9-329
What does South Dakota Codified Laws § 57A-9-329 cover?
Section 57A-9-329 ("Priority among conflicting security interests in same letter-of-credit right.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. 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 South Dakota § 57A-9-329?
A common citation format is "South Dakota Codified Laws § 57A-9-329" (South Dakota). 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 South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 57A-9-329 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota 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 South Dakota.