Nevada · Through 2025 session (NRS as revised 2026-08-25) · Newer source version available

NRS 104.9107: Control of letter-of-credit right.

Where this section sits in the code

TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS
CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES
SECURED TRANSACTIONS
General Provisions

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 subsection 3 of NRS 104.5114 or otherwise applicable law or practice.

Collected 2026-09-03T05:51:31Z. Source file · JSON

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