South Dakota Statutes
§ 57A-9-107 — Control of letter
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 § 57A-5-114(c) or otherwise applicable law or practice.
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South Dakota § 57A-9-107 (Control of letter) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
United National Bank v. Corsica Enterprises, Inc. (In Re Corsica Enterprises, Inc.)
40 B.R. 769 (D. South Dakota, 1984)
Bechen v. Livestock State Bank (In Re Bechen)
11 B.R. 939 (D. South Dakota, 1981)
Legislative History
SL 2000, ch 231.
Nearby Sections
15
§ 57A-1-101
Short title.§ 57A-1-102
Scope of chapter.§ 57A-1-104
Construction against implied repeal.§ 57A-1-105
Severability.§ 57A-1-106
Use of singular and plural--Gender.§ 57A-1-107
Section captions.§ 57A-1-201
General definitions.§ 57A-1-202
Notice--Knowledge.§ 57A-1-203
Lease distinguished from security interest.§ 57A-1-204
Value.§ 57A-1-205
Reasonable time--Seasonableness.§ 57A-1-206
Presumptions.§ 57A-1-207
Central bank digital currency.