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the Kansas Statutes
2012 Kansas Statutes
Chapter 84 UNIFORM COMMERCIAL CODE
Article 9 SECURED TRANSACTIONS
Section 84-9-107 Control of letter-of-credit right.
Universal Citation:
KS Stat § 84-9-107 (2012)
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This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
84-9-107. Control of letter-of-credit right. 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 K.S.A. 84-5-114(a) [(c)], and amendments thereto or otherwise applicable law or practice.
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