{"data":{"id":"us-ct/conn.-gen.-stat.-42a-9-306","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-9-306","heading":"Law governing perfection and priority of security interests in letter-of-credit rights.","body":"(a) Subject to subsection (c), the local law of the issuer's jurisdiction or a nominated person's jurisdiction governs perfection, the effect of perfection or nonperfection and the priority of a security interest in a letter-of-credit right if the issuer's jurisdiction or nominated person's jurisdiction is a state.\n(b) For purposes of this part, an issuer's jurisdiction or nominated person's jurisdiction is the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter-of-credit right as provided in section 42a-5-116.\n(c) This section does not apply to a security interest that is perfected only under subsection (d) of section 42a-9-308.","path":["TITLE 42a. UNIFORM COMMERCIAL CODE","ARTICLE 9*. SECURED TRANSACTIONS","PART 3. PERFECTION AND PRIORITY"],"source_url":"https://www.cga.ct.gov/current/pub/art_009.htm#sec_42a-9-306","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:15Z","sha256":"ae7eb6bac9f108e074aac046ca34af5e9508a06343c6417008b5af35a9c9ef2f","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-9-305","next":"us-ct/conn.-gen.-stat.-42a-9-307"},"notice":"GroundRules: Original legal text. Not legal advice."}