Mo. Rev. Stat. § 400.9-107
Control of letter-of-credit right
Missouri · Revised Statutes of Missouri Chapter 400 — Uniform Commercial Code · Status: effective · Effective 2001-07-01
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- Citation
- Mo. Rev. Stat. § 400.9-107, Control of letter-of-credit right, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1815227
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Full text
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.