West Virginia Statutes
§ 46-9-107 — Control of letter-of-credit right
West Virginia § 46-9-107
JurisdictionWest Virginia
Ch. 46UNIFORM COMMERCIAL CODE
Art. 9SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER
This text of West Virginia § 46-9-107 (Control of letter-of-credit right) is published on Counsel Stack Legal Research, covering West Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
W. Va. Code § 46-9-107 (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 5-114(c) or otherwise applicable law or practice.
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Legislative History
2000 Reg. Sess., SB469
Nearby Sections
15
§ 46-1-101
Short titles§ 46-1-102
Scope of article§ 46-1-104
Construction against implied repeal§ 46-1-105
Severability§ 46-1-106
Use of singular and plural; gender§ 46-1-107
Section captions§ 46-1-109
Repealed. Acts, 2006 Reg. Sess., Ch. 247§ 46-1-201
General definitions§ 46-1-202
Notice; knowledge§ 46-1-204
Value§ 46-1-205
Reasonable time; seasonableness§ 46-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
West Virginia § 46-9-107, Counsel Stack Legal Research, https://law.counselstack.com/statute/wv/46/46-9-107.