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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1309.107 | Control of letter-of-credit right - UCC 9-107.

Ohio Revised Code
/
Title 13 Commercial Transactions
/
Chapter 1309 Secured Transactions
 
Effective:
July 1, 2001
Latest Legislation:
Senate Bill 74 - 124th General Assembly
PDF:
Download Authenticated PDF
 

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.

Available Versions of this Section