California Statutes
§ 9107. — 9107. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)
California·Code COM Commercial Code - COM·Div. 9. DIVISION 9. SECURED TRANSACTIONS·Ch. 1. CHAPTER 1. General Provisions
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 subdivision (c) of Section 5114 or otherwise applicable law or practice.
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California § 9107. (9107. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Fleet Capital Corp. v. Sutherland Presses (In Re Enterprise Industries, Inc.)
259 B.R. 163 (N.D. California, 2001)
Matthews v. Transamerica Financial Services
724 F.2d 798 (Ninth Circuit, 1984)
Sutherland Presses v. Fleet Capital Corp.
73 F. App'x 275 (Ninth Circuit, 2003)
Legislative History
Repealed and added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.