TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 9
SECURED TRANSACTIONS

Part 1
General Provisions

Short Title, Definitions, and General Concepts

Section 382-A:9-107

382-A:9-107 Control of Letter-of-Credit Right. – A secured party has control of a letter-of-credit right to the extent of any right to payment or performance by the issuer or any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under Section 5-114(c) or otherwise applicable law or practice.

Source. 2001, 102:25, eff. July 1, 2001.

TITLE XXXIV-AUNIFORM COMMERCIAL CODE

CHAPTER 382-AUNIFORM COMMERCIAL CODE

ARTICLE 9SECURED TRANSACTIONS

Part 1General Provisions

Short Title, Definitions, and General Concepts

Section 382-A:9-107

TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 9
SECURED TRANSACTIONS

Part 1
General Provisions