Indiana Statutes
§ 26-1-9.1-107 — Control of letter-of-credit right
Indiana § 26-1-9.1-107
This text of Indiana § 26-1-9.1-107 (Control of letter-of-credit right) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-9.1-107 (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 IC 26-1-5.1-114(c) or otherwise applicable law or
practice.
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Related
In Re Wright Group, Inc.
443 B.R. 795 (N.D. Indiana, 2011)
Legislative History
As added by P.L.57-2000, SEC.45.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-9.1-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-9.1-107.