Colorado Statutes
§ 4-9-107 — Control of letter-of-credit right
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 4-5-114 (c) or
otherwise applicable law or practice.
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Legislative History
Source: L. 2001: Entire article R&RE, p. 1330, � 1, effective July 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith