New Jersey Statutes
§ 12A:9-107 — Control of letter-of-credit right
New Jersey § 12A:9-107
JurisdictionNew Jersey
Title 12ACOMMERCIAL TRANSACTIONS
This text of New Jersey § 12A:9-107 (Control of letter-of-credit right) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 12A:9-107 (2026).
Text
12A: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 12A:5-114 c. or otherwise applicable law or practice. L.2001, c.117, s.1.
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Nearby Sections
15
§ 12A:9-101
Short title§ 12A:9-102
Definitions and index of definitions.§ 12A:9-104
Control of deposit account.§ 12A:9-105
Control of electronic chattel paper.§ 12A:9-106
Control of investment property.§ 12A:9-107
Control of letter-of-credit right§ 12A:9-108
Sufficiency of description.§ 12A:9-109
Scope.§ 12A:9-201
General effectiveness of security agreement.§ 12A:9-202
Title to collateral immaterial§ 12A:9-204
After-acquired property, future advances.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 12A:9-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/12A%3A9-107.