Pennsylvania · Through 2025-12-01 (Statute Update stamp, 13 Pa.C.S.)

13 Pa.C.S. § 9107: Control of letter-of-credit right.

Where this section sits in the code

Title 13 - COMMERCIAL CODE
CHAPTER 91 GENERAL PROVISIONS
SUBCHAPTER A 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 5114(c) (relating to recognition of assignment of proceeds) or otherwise applicable law or practice.

Collected 2026-09-02T16:31:03Z. Source file · JSON

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