GroundRules
Miss. Code Ann. § 75-9-107: Control of letter-of-credit right.
Where this section sits in the code
- Title 75. Regulation of Trade, Commerce and Investments
- Chapter 9. Uniform Commercial Code—Secured Transactions
- Part 1. General Provisions.
- Subpart 1. Short Title, Definitions, and General Concepts.
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 75-5-114(c) or otherwise applicable law or practice.
Collected 2026-10-27T05:54:13Z. Source file · JSON
Compilation CC BY 4.0, Open US Law (Vaquill AI). GroundRules uses only the releases published under CC BY 4.0: from v2026.09 the compilation is licensed CC BY-NC 4.0, and GroundRules does not use those releases. Each affected row names its release in its vintage label. GroundRules parsed and filtered the compilation to retain enacted text. Source · License
Mississippi electronic product files were republished by Public.Resource.Org under a public-domain dedication. GroundRules uses enacted text from Release 78 only as a labeled supplement to the newer Open US Law rows. Source