GroundRules
W. Va. Code § 46-9-107: Control of letter-of-credit right.
Where this section sits in the code
- CHAPTER 46. UNIFORM COMMERCIAL CODE.
- ARTICLE 9. SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER.
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.
Collected 2026-09-06T00:29:53Z. Source file · JSON