Missouri Laws 400.9-107 – Control of letter-of-credit right
Current as of: 2023 | Check for updates
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Terms Used In Missouri Laws 400.9-107
- person: may extend and be applied to bodies politic and corporate, and to partnerships and other unincorporated associations. See Missouri Laws 1.020
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 400.5-114(c) or otherwise applicable law or practice.