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 division (C) of section 1305.13 of the Revised Code or otherwise applicable law or practice.
Effective Date: 07-01-2001
Section: Previous 1309.01-to-1309.50 1309.101 1309.102 1309.103 1309.104 1309.105 1309.106 1309.107 1309.108 1309.109 1309.110 1309.201 1309.202 1309.203 1309.204 NextLast modified: October 10, 2016