{"data":{"id":"us-ak/as-45.29.107","jurisdiction":"us-ak","citation":"AS 45.29.107","heading":"Control of letter-of-credit right.","body":"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 a nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under AS 45.05.114(c) or otherwise applicable law or practice.","path":["Title 45. Trade and Commerce.","Chapter 29. Secured Transactions."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.29.107","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"be7d135d38000ddbea207a55248978d9554764ceb9f0d561123aed5776d2b354","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.29.106","next":"us-ak/as-45.29.108"},"notice":"GroundRules: Original legal text. Not legal advice."}