California Statutes
§ 9107. — 9107. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)
California § 9107.
JurisdictionCalifornia
Code COMCommercial Code - COM
Div. 9.DIVISION 9. SECURED TRANSACTIONS
Ch. 1.CHAPTER 1. General Provisions
This text of California § 9107. (9107. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Commercial Code - COM Code § 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 subdivision (c) of Section 5114 or otherwise applicable law or practice.
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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Repealed and added by Stats. 1999, Ch. 991, Sec. 35.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.
Nearby Sections
3
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Bluebook (online)
California § 9107., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/9107..