{"data":{"id":"us-tx/tex.-business-commerce-code-9.107","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 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 Section 5.114(c) or otherwise applicable law or practice.\nAmended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 9. SECURED TRANSACTIONS","SUBCHAPTER A. SHORT TITLE, DEFINITIONS, AND GENERAL CONCEPTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm#9.107","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"b13b66949dcd7deeff44fe9c14665c6b3a22e076457dc17e636f02819ca1eb46","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-9.106","next":"us-tx/tex.-business-commerce-code-9.1071"},"notice":"GroundRules: Original legal text. Not legal advice."}