There is a newer version of the West Virginia Code
2015 West Virginia Code
CHAPTER 46. UNIFORM COMMERCIAL CODE
ARTICLE 9. SECURED TRANSACTIONS; SALES OF ACCOUNTS AND CHATTEL PAPER.
§46-9-107. Control of letter-of-credit right.
WV Code § 46-9-107 (2015) 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 section 5-114(c) or otherwise applicable law or practice.
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