North Dakota Statutes
§ 41-09-07 — (9-107) Control of letter-of-credit right
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 subsection 3 of section
41-05-14 or otherwise applicable law or practice.
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North Dakota § 41-09-07 ((9-107) Control of letter-of-credit right) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Thet Mah & Associates, Inc. v. First Bank of North Dakota (NA), Minot
336 N.W.2d 134 (North Dakota Supreme Court, 1983)
In Re Janz
67 B.R. 553 (D. North Dakota, 1986)
In Re Wandler
77 B.R. 735 (D. North Dakota, 1987)
Nearby Sections
15
§ 41-01-01
(1-101) Short titles§ 41-01-02
(1-102) Scope of chapter§ 41-01-05
(1-105) Severability§ 41-01-07
(1-107) Section captions§ 41-01-09
(1-201) General definitions§ 41-01-10
(1-202) Notice - Knowledge§ 41-01-12
(1-204) Value§ 41-01-13
(1-205) Reasonable time - Seasonableness§ 41-01-14
(1-206) Presumptions