Utah Statutes
§ 70A-9a-107 — Control of letter-of-credit right.
Utah § 70A-9a-107
JurisdictionUtah
Title 70AUniform Commercial Code
Ch. 70A-9aUniform Commercial Code - Secured Transactions
Part 70A-9a-1General Provisions
This text of Utah § 70A-9a-107 (Control of letter-of-credit right.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Utah Code Ann. § 70A-9a-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 Subsection 70A-5-114(3) or otherwise applicable law or practice.
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Legislative History
Enacted by Chapter 252, 2000 General Session
Nearby Sections
15
§ 70A-10-101
Effective date.§ 70A-10-102
Specific repealer -- Provision for transition.§ 70A-10-103
General repealer.§ 70A-10-104
Laws not repealed.§ 70A-1a-101
Title.§ 70A-1a-102
Scope of chapter.§ 70A-1a-104
Construction against implied repeal.§ 70A-1a-105
Severability.§ 70A-1a-106
Use of singular and plural -- Gender.§ 70A-1a-107
Section captions.§ 70A-1a-201
General definitions.§ 70A-1a-202
Notice -- Knowledge.§ 70A-1a-203
Lease distinguished from security interest.Cite This Page — Counsel Stack
Bluebook (online)
Utah § 70A-9a-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/ut/70A-9a-107.