Ohio Revised Code § 1309.107 - Control Of Letter-of-credit Right - Ucc 9-107.

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  Next

Last modified: October 10, 2016