There is a newer version of the Nevada Revised Statutes
2013 Nevada Revised Statutes
Chapter 104 - Uniform Commercial Code—Original Articles
NRS 104.9107 - Control of letter-of-credit right.
NV Rev Stat § 104.9107 (2013) What's This?
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)
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