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0 tracked cards Supplemental - Not MEE July 2026

Two creditors claim a debtor's deposit account. Creditor 1 filed a financing statement but has no control. Creditor 2 has a control agreement. The depositary bank also has a security interest in the account.
Which statement best describes the priority framework?

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Deposit-account priority is governed only by first to file. A secured party with control generally has priority over a secured party without control, and the bank maintaining the deposit account often has a special priority advantage. A depositary bank can never have priority in a deposit account it maintains. Control is irrelevant once a financing statement is filed.

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