South Carolina Statutes
§ 36-9-107 — Control of letter-of-credit right.
South Carolina § 36-9-107
This text of South Carolina § 36-9-107 (Control of letter-of-credit right.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 36-9-107 (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 Section 36-5-114(c) or otherwise applicable law or practice.
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Legislative History
HISTORY: 1962 SECTION 10.9-107; 1966 (54) 2716; 1988 Act No. 494, SECTION 5; 2001 Act No. 67, SECTION 12.
Nearby Sections
15
§ 36-9-101
Short title.§ 36-9-102
Definitions and index of definitions.§ 36-9-104
Control of deposit account.§ 36-9-106
Control of investment property.§ 36-9-107
Control of letter-of-credit right.§ 36-9-108
Sufficiency of description.§ 36-9-109
Scope.§ 36-9-111
UCC lien satisfaction.§ 36-9-202
Title to collateral immaterial.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 36-9-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/36-9-107.