| | | extend to proceeds of a deposit account. Rather, Section 9- | | 322(c) to (e) [Maine cite section 9-1322, subsection (3) to (5)] | | and the provisions referred to in Section 9-322(f) [Maine cite | | section 9-1322, subsection (6)] govern priorities in proceeds of | | a deposit account. Section 9-315(d) [Maine cite section 9-1315, | | subsection (4)] addresses continuation of perfection in proceeds | | of deposit accounts. As to funds transferred from a deposit | | account that serves as collateral, see Section 9-332 [Maine cite | | section 9-1332]. |
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| | | §9-1328.__Priority of security interests in investment property |
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| | | The following rules govern priority among conflicting security | | interests in the same investment property. |
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| | | (1)__A security interest held by a secured party having | | control of investment property under section 9-1106 has priority | | over a security interest held by a secured party that does not | | have control of the investment property. |
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| | | (2)__Except as otherwise provided in subsections (3) and (4), | | conflicting security interests held by secured parties each of | | which has control under section 9-1106 rank according to priority | | in time of: |
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| | | (a)__If the collateral is a security, obtaining control; |
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| | | (b)__If the collateral is a security entitlement carried in | | a securities account and: |
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| | | (i)__If the secured party obtained control under | | section 8-1106, subsection (4), paragraph (a), the | | secured party's becoming the person for which the | | securities account is maintained; |
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| | | (ii)__If the secured party obtained control under | | section 8-1106, subsection (4), paragraph (b), the | | securities intermediary's agreement to comply with the | | secured party's entitlement orders with respect to | | security entitlements carried or to be carried in the | | securities account; or |
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| | | (iii)__If the secured party obtained control through | | another person under section 8-1106, subsection (4), | | paragraph (c), the time on which priority would be | | based under this paragraph if the other person were the | | secured party; or |
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| | | (c)__If the collateral is a commodity contract carried with | | a commodity intermediary, the satisfaction of the |
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