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California Court Confirms Rule Giving Priority To Judgment Creditor As A "Transferee" From The Debtor's Deposit Account

LexisNexis (October 21, 2016, 7:46 PM EDT) -- If a debtor has granted a consensual security interest in the funds in its deposit account to a secured lender, does the lender have priority over the claims of a judgment creditor who later levies against the deposit account?  In a recent decision from California, the court gives priority to the judgment creditor under the rules of Article 9.  The decision is both thoughtful and exhaustive in resolving the priority issue based on the language and policies behind UCC 9-332(b).  Yet there's a good argument on...
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