GroundRules
COM § 9107
Where this section sits in the code
- Commercial Code - COM
- DIVISION 9. SECURED TRANSACTIONS [9101. - 9907.]
- CHAPTER 1. General Provisions [9101. - 9110.]
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 subdivision (c) of Section 5114 or otherwise applicable law or practice.
Collected 2026-09-14T05:56:33Z. Source file · JSON