Idaho Statutes
§ 28-9-107 — CONTROL OF LETTER OF CREDIT RIGHT
Idaho § 28-9-107
This text of Idaho § 28-9-107 (CONTROL OF LETTER OF CREDIT RIGHT) is published on Counsel Stack Legal Research, covering Idaho primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Idaho Code § 28-9-107 (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 section 28-5-114 (3) or otherwise applicable law or practice.
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Related
Whitworth v. Krueger
558 P.2d 1026 (Idaho Supreme Court, 1976)
Valley Bank v. Estate of Rainsdon
793 P.2d 1257 (Idaho Court of Appeals, 1990)
Legislative History
[28-9-107, added 2001, ch. 208, sec. 2, p. 720.]
Nearby Sections
15
§ 28-1-101
SHORT TITLES§ 28-1-102
SCOPE OF CHAPTER§ 28-1-104
CONSTRUCTION AGAINST IMPLIED REPEAL§ 28-1-105
SEVERABILITY§ 28-1-106
USE OF SINGULAR AND PLURAL — GENDER§ 28-1-107
SECTION CAPTIONS§ 28-1-201
GENERAL DEFINITIONS§ 28-1-202
NOTICE — KNOWLEDGE§ 28-1-204
VALUE§ 28-1-205
REASONABLE TIME — SEASONABLENESS§ 28-1-206
PRESUMPTIONSCite This Page — Counsel Stack
Bluebook (online)
Idaho § 28-9-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/id/28-9-107.