{"data":{"id":"us-ar/ark.-code-ann.-4-9-107","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-9-107","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 any nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under § 4-5-114(c) or otherwise applicable law or practice.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 9 Secured Transactions","Part 1 — General Provisions","Subpart 1 Short Title, Definitions, and General Concepts"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"3edfa397f0bb2760752c2cdcaacfe713307051a05932caa2ef52fd62cf9480e4","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-9-106","next":"us-ar/ark.-code-ann.-4-9-108"},"notice":"GroundRules: Original legal text. Not legal advice."}