Georgia Statutes
§ 11-9-107 — Control of letter of credit right
Georgia § 11-9-107
JurisdictionGeorgia
Title11
This text of Georgia § 11-9-107 (Control of letter of credit right) is published on Counsel Stack Legal Research, covering Georgia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
O.C.G.A. § 11-9-107 (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 subsection (c) of Code Section 11-5-114 or otherwise applicable law or practice.
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Related
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760 F.2d 1240 (Eleventh Circuit, 1985)
Schneider v. Fidelity National Bank (In Re Schneider)
37 B.R. 747 (N.D. Georgia, 1984)
United States v. Hooks (In Re Hooks)
40 B.R. 715 (M.D. Georgia, 1984)
Franklin v. ITT Financial Services (In Re Franklin)
75 B.R. 268 (M.D. Georgia, 1986)
Hipps v. Landmark Financial Services of Georgia, Inc. (In Re Hipps)
89 B.R. 264 (N.D. Georgia, 1988)
Barney v. Morris
309 S.E.2d 420 (Court of Appeals of Georgia, 1983)
First National Bank v. Atlanta Classic Cars, Inc.
363 S.E.2d 16 (Court of Appeals of Georgia, 1987)
In Re Hughes
230 B.R. 213 (M.D. Georgia, 1998)
Corim, Inc. v. Belvin
414 S.E.2d 491 (Court of Appeals of Georgia, 1991)
Lee v. Davis/McGraw, Inc. (In Re Lee)
169 B.R. 790 (S.D. Georgia, 1994)
Orix Credit Alliance, Inc. v. CIT Group/Equipment Financing, Inc. (In re Hughes)
230 B.R. 213 (M.D. Georgia, 1998)
In Re Carter
169 B.R. 227 (M.D. Georgia, 1993)
United States v. Specialty Contracting & Supply, Inc. (In Re Specialty Contracting & Supply, Inc.)
140 B.R. 922 (N.D. Georgia, 1992)
Coastal Bank v. Douglas Asphalt Co. (In re Galbreath Clearing & Grading, Inc.)
258 B.R. 859 (S.D. Georgia, 2000)
Legislative History
Added by 2001 Ga. Laws 191, § 1, eff. 7/1/2001.
Nearby Sections
15
§ 11-1-101
Short titles§ 11-1-102
Scope of article§ 11-1-104
Construction against implicit repeal§ 11-1-105
Severability§ 11-1-106
Use of singular and plural; gender§ 11-1-107
Section captions§ 11-1-201
General definitions§ 11-1-202
Notice; knowledge§ 11-1-204
Value§ 11-1-205
Reasonable time; seasonableness§ 11-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Georgia § 11-9-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/11-9-107.