A security interest in a controllable account, controllable electronic record or controllable payment intangible held by a secured party having control of the account, electronic record or payment intangible has priority over a conflicting security interest held by a secured party that does not have control.
13 Pa.C.S. § 9326.1
Priority of security interest in controllable account, controllable electronic record and controllable payment intangible
Known as the Uniform Commercial Code
The act spans §§ 13–13 (634 sections).
(July 1, 2024, P.L.450, No.41, eff. 60 days)
Official source: Pennsylvania General Assembly. Reproduced from public-domain Pennsylvania statutes; confirm against the official source for the current text. Not legal advice.