Wyoming § 34.1-9-306 Law governing perfection and priority of
security interests in letter-of-credit rights

Wyoming Statutes

§ 34.1-9-306 — Law governing perfection and priority of security interests in letter-of-credit rights

Wyoming·Title 34.1 Uniform Commercial Code·Art. 9 SECURED TRANSACTIONS

(a)Subject to subsection (c), the local law of the issuer's jurisdiction or a nominated person's jurisdiction governs perfection, the effect of perfection or nonperfection and the priority of a security interest in a letter-of-credit right if the issuer's jurisdiction or nominated person's jurisdiction is a state.

(b)For purposes of this part, an issuer's jurisdiction or nominated person's jurisdiction is the jurisdiction whose law governs the liability of the issuer or nominated person with respect to the letter-of-credit right as provided in section

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(a) Subject to subsection (c), the local law of the
issuer's jurisdiction or a nominated person's jurisdiction
governs perfection, the effect of perfection or nonperfection
and the priority of a security interest in a letter-of-credit
right if the issuer's jurisdiction or nominated person's
jurisdiction is a state.
(b) For purposes of this part, an issuer's jurisdiction or
nominated person's jurisdiction is the jurisdiction whose law
governs the liability of the issuer or nominated person with
respect to the letter-of-credit right as provided in section

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