New Jersey Statutes
§ 12A:9-107 — Control of letter-of-credit right
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
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.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 12A:9-107 (Control of letter-of-credit right) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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.