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Can you summarize NVRS 104.9107?
Uniform Commercial CodeOriginal Articles > Control of letter-of-credit right.
Short Summary
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 subsection 3 of NRS 104.5114 or otherwise applicable law or practice. (Added to NRS by 1999, 293)
Jurisdiction
Nevada