Control of letter-of-credit right.

Verbatim from the official edition

Text — 2026 Florida Statutes

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 s. 675.114(3) or otherwise applicable law or practice.

Notes and commentary — not statutory text

History

s. 1, ch. 2001-198.

Source of truth

Edition: 2026 Florida Statutes
Official file: https://www.leg.state.fl.us/Statutes/index.cfm?App_mode=Display_Statute&URL=0600-0699/0679/0679.html
Text hash: sha256 f0f52305de635feb7d63cd39a7684ade427bf0359f8a1b03d4330c560696edd7
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This section cites

Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.

The Florida Statutes

§ 675.114, Fla. Stat.Assignment of proceeds.Printed as s. 675.114(3)

Cited by 6 provisions

Provisions in this library whose text cites § 679.1071, Fla. Stat.. Each shows the citation as that text prints it.

The Florida Statutes

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.