Minnesota Statutes
§ 336.9-107 — 336.9-107 CONTROL OF LETTER OF CREDIT RIGHT.
Minnesota § 336.9-107
This text of Minnesota § 336.9-107 (336.9-107 CONTROL OF LETTER OF CREDIT RIGHT.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 336.9-107 (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 section336.5-114(c) or otherwise applicable law or practice.
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Legislative History
2000 c 399 art 1 s 7
Nearby Sections
15
§ 336.9-101
336.9-101 SHORT TITLE.§ 336.9-103
336.9-103 PURCHASE-MONEY SECURITY INTEREST; APPLICATION OF PAYMENTS; BURDEN OF ESTABLISHING.§ 336.9-104
336.9-104 CONTROL OF DEPOSIT ACCOUNT.§ 336.9-105A
336.9-105A CONTROL OF ELECTRONIC MONEY.§ 336.9-106
336.9-106 CONTROL OF INVESTMENT PROPERTY.§ 336.9-107
336.9-107 CONTROL OF LETTER OF CREDIT RIGHT.§ 336.9-108
336.9-108 SUFFICIENCY OF DESCRIPTION.§ 336.9-109
336.9-109 SCOPE.§ 336.9-202
336.9-202 TITLE TO COLLATERAL IMMATERIAL.Cite This Page — Counsel Stack
Bluebook (online)
Minnesota § 336.9-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/336.9-107.