Kansas § 84-9-107 Control of letter-of-credit right

Kansas Statutes

§ 84-9-107 — Control of letter-of-credit right

Kansas § 84-9-107

Ch. 84UNIFORM COMMERCIAL CODE

Art. 9SECURED TRANSACTIONS

This text of Kansas § 84-9-107 (Control of letter-of-credit right) is published on Counsel Stack Legal Research, covering Kansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Kan. Stat. Ann. § 84-9-107 (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 K.S.A. 84-5-114(a)*, and amendments thereto or otherwise applicable law or practice.
Revisor's Note:
* Reference to 84-5-114(a) should be to 84-5-114(c).
Former section 84-9-107 was repealed by L. 2000, ch. 142, § 155 and the number reassigned to the current text.

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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 K.S.A. 84-5-114(a)*, and amendments thereto or otherwise applicable law or practice.
Revisor's Note:
* Reference to 84-5-114(a) should be to 84-5-114(c).
Former section 84-9-107 was repealed by L. 2000, ch. 142, § 155 and the number reassigned to the current text.