Georgia Statutes
§ 11-9-306 — Law governing perfection and priority of security interests in letter of credit rights
Georgia § 11-9-306
JurisdictionGeorgia
Title11
This text of Georgia § 11-9-306 (Law governing perfection and priority of security interests in letter of credit rights) 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. § 11-9-306 (2026).
Text
(a)Governing law; issuer's or nominated person's jurisdiction. Subject to subsection (c) of this Code section, the local law of the issuer's jurisdiction or a nominated person's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter of credit right if the issuer's jurisdiction or nominated person's jurisdiction is a state.
(b)Issuer's or nominated person's jurisdiction. For purposes of this part, an issuer's jurisdiction or nominated person's jurisdiction is the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter of credit right as provided in Code Section 11-5-116 .
(c)When Code section not applicable. This Code section does not apply to a security interest tha
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Related
MALAGA Management Co. v. John Deere Co.
431 S.E.2d 746 (Court of Appeals of Georgia, 1993)
United States v. Hollie (In Hollie)
42 B.R. 111 (M.D. Georgia, 1984)
Thomas v. Ralston Purina Co. (In Re Thomas)
43 B.R. 201 (M.D. Georgia, 1984)
Jones v. Small Business Administration (In Re Cohutta Mills, Inc.)
108 B.R. 815 (N.D. Georgia, 1989)
Financial Security Assurance, Inc. v. Tollman-Hundley Dalton, L.P.
165 B.R. 698 (N.D. Georgia, 1994)
In Re Rumker
184 B.R. 621 (S.D. Georgia, 1995)
Loeb v. Franchise Distributors, Inc. (In Re Franchise Systems, Inc.)
46 B.R. 158 (N.D. Georgia, 1985)
Southwest Georgia Production Credit Ass'n v. James
350 S.E.2d 786 (Court of Appeals of Georgia, 1986)
Tidwell v. Slocumb (In Re Georgia Steel, Inc.)
71 B.R. 903 (M.D. Georgia, 1987)
Borg-Warner Acceptance Corp. v. Valentine Associates Ltd.
384 S.E.2d 223 (Court of Appeals of Georgia, 1989)
JCS Enterprises, Inc. v. Vanliner Insurance
489 S.E.2d 95 (Court of Appeals of Georgia, 1997)
Mann Investment Co. v. Columbia Nitrogen Corp.
325 S.E.2d 612 (Court of Appeals of Georgia, 1984)
Driggers v. Continental Grain Co.
435 S.E.2d 722 (Court of Appeals of Georgia, 1993)
McDonald v. Ocilla Cotton Warehouse, Inc. (In Re McDonald)
224 B.R. 862 (S.D. Georgia, 1998)
Provident Bank v. Morequity, Inc.
585 S.E.2d 625 (Court of Appeals of Georgia, 2003)
Metter Banking Co. v. Fisher Foods, Inc.
359 S.E.2d 145 (Court of Appeals of Georgia, 1987)
DIXIE PRODUCTION CREDIT ASSOCIATION v. Kent
307 S.E.2d 277 (Court of Appeals of Georgia, 1983)
Superior Bank v. Human Services Employees Credit Union
556 S.E.2d 155 (Court of Appeals of Georgia, 2001)
Small v. Collegedale Distributors (In re Unity Foods, Inc.)
75 B.R. 222 (D. Georgia, 1987)
In re Chappell
224 B.R. 507 (M.D. Georgia, 1998)
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 § 11-9-306, Counsel Stack Legal Research, https://law.counselstack.com/statute/ga/11-9-306.