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Can you summarize NHRS 382-A:9-329?
UNIFORM COMMERCIAL CODE > Priority of Security Interests in Letter-of-Credit Right.
Short Summary
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 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 Section 9-314 rank according to priority in time of obtaining control. Source. 2001, 102:25, eff. July 1, 2001.
Jurisdiction
New Hampshire