Arkansas Statutes
§ 4-9-107 — Control of letter-of-credit right - Control of virtual currency
Arkansas·Title 4
(a)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.
(b)A secured party has control of a virtual currency as provided in § 4-11-105 .
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Related
Herringer v. Mercantile Bank of Jonesboro
866 S.W.2d 390 (Supreme Court of Arkansas, 1993)
Womack v. Newman Fixture Co.
766 S.W.2d 949 (Court of Appeals of Arkansas, 1989)
Niedermeier v. Central Production Credit Ass'n
777 S.W.2d 210 (Supreme Court of Arkansas, 1989)
Legislative History
Amended by Act 2021, No. 1078,§ 2, eff. 7/28/2021. Acts 2001, No. 1439, § 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
Presumptions