Business & Commerce Code § 9.107
A secured party has control of a letter-of-credit right if the issuer or nominated person has consented to assignment of the letter-of-credit proceeds, or if other applicable law or practice allows it.
- Jurisdiction
- United States — Texas
- Instrument
- Code
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- Undated source snapshot
- Language
- en
- Official source
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letter of credit
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Business & Commerce Code § 9.107
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