Tennessee Statutes
§ 47-9-107 — Control of letter-of-credit right
Tennessee § 47-9-107
JurisdictionTennessee
Title47
This text of Tennessee § 47-9-107 (Control of letter-of-credit right) is published on Counsel Stack Legal Research, covering Tennessee primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tenn. Code Ann. § 47-9-107 (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 § 47-5-114(c) or otherwise applicable law or practice.
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Related
Mays v. Brighton Bank
832 S.W.2d 347 (Court of Appeals of Tennessee, 1992)
Coomer v. Barclays American Financial, Inc. (In Re Coomer)
8 B.R. 351 (E.D. Tennessee, 1980)
In Re Hayes
376 B.R. 655 (M.D. Tennessee, 2007)
McLemore v. Simpson County Bank (In Re Krulik)
6 B.R. 443 (M.D. Tennessee, 1980)
Slay v. Pioneer Credit Co. (In Re Slay)
8 B.R. 355 (E.D. Tennessee, 1980)
In Re Bray
365 B.R. 850 (W.D. Tennessee, 2007)
Kelley v. United American Bank in Knoxville (In Re Kelley)
17 B.R. 770 (E.D. Tennessee, 1982)
Farmers & Merchants Bank v. Dyersburg Production Credit Ass'n
728 S.W.2d 10 (Court of Appeals of Tennessee, 1986)
Commerce Union Bank v. Possum Holler, Inc.
620 S.W.2d 487 (Tennessee Supreme Court, 1981)
John Deere Co. v. Production Credit Ass'n
686 S.W.2d 904 (Court of Appeals of Tennessee, 1984)
June McCoy v. Harriman Utility Board and Thornton Heating and Air Conditioning
790 F.2d 493 (Sixth Circuit, 1986)
In Re Nolen
53 B.R. 235 (M.D. Tennessee, 1985)
McLemore v. Carson Ltd. (In re Sealy)
34 B.R. 947 (M.D. Tennessee, 1983)
Farmers State Bank v. Ethridge (In re Ethridge)
67 B.R. 876 (W.D. Tennessee, 1986)
Conister Trust v. Boating Corp. of America & Villas-Afloat
(Court of Appeals of Tennessee, 1999)
Legislative History
Acts 2000, ch. 846, § 1.
Nearby Sections
15
§ 47-1-101
Short title§ 47-1-102
Scope of chapter§ 47-1-104
Construction against implied repeal§ 47-1-105
Severability§ 47-1-106
Use of singular and plural - Gender§ 47-1-201
General definitions§ 47-1-202
Notice - Knowledge§ 47-1-204
Value§ 47-1-205
Reasonable time - Seasonableness§ 47-1-206
Presumptions§ 47-1-302
Variation by agreementCite This Page — Counsel Stack
Bluebook (online)
Tennessee § 47-9-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/tn/47-9-107.