554.9107 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 personhas consented to an assignment of proceeds of the letter of credit under section 554.5114,subsection 3, or otherwise applicable law or practice. 2000 Acts, ch 1149, §7, 185, 187Referred to in §554.9203, 554.9207, 554.9208, 554.9314, 554.9329, 554.9601 Sat Dec 23 01:59:44 2023 Iowa Code 2024, Section 554.9107 (25, 0)
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