Arizona Statutes
§ 47-9107 — Control of letter-of-credit right
Arizona § 47-9107
JurisdictionArizona
Title 47Arizona Revised Statutes
Ch. 9SECURED TRANSACTIONS
Art. 1General Provisions
This text of Arizona § 47-9107 (Control of letter-of-credit right) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ariz. Rev. Stat. Ann. § 47-9107 (2026).
Text
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 47-5114, subsection C or otherwise applicable law or practice.
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Related
Cely v. Deconcini, McDonald, Brammer, Yetwin & Lacy, P.C.
803 P.2d 911 (Court of Appeals of Arizona, 1990)
Nearby Sections
15
§ 47-10101
Provision for transition§ 47-1101
Short title§ 47-1102
Scope of chapter§ 47-1103
Construction to promote purposes and policies; applicability of supplemental principles of law§ 47-1104
Construction against implied repeal§ 47-1105
Severability§ 47-1106
Use of singular and plural; gender§ 47-1107
Section captions§ 47-1201
General definitions§ 47-1202
Notice; knowledge§ 47-1204
Value§ 47-1205
Reasonable time; "seasonably"§ 47-1206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arizona § 47-9107, Counsel Stack Legal Research, https://law.counselstack.com/statute/az/47-9107.