Tex. Bus. & Com. Code § 9.107 · Subchapter A. SHORT TITLE, DEFINITIONS, AND GENERAL CONCEPTS
CONTROL OF LETTER-OF-CREDIT RIGHT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm
- Text hash
- sha256 ec3295e77909a85db906d55784b3680e43b355298030bb1de90bb970ddf2611b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
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.
Business & Commerce Code
Cited by 6 provisions
Provisions in this library whose text cites Tex. Bus. & Com. Code § 9.107. Each shows the citation as that text prints it.
Business & Commerce Code
- Tex. Bus. & Com. Code § 9.203ATTACHMENT AND ENFORCEABILITY OF SECURITY INTEREST; PROCEEDS; SUPPORTING OBLIGATIONS; FORMAL REQUISITES.Printed as Section 7.106, 9.104, 9.105, 9.106, or 9.107
- Tex. Bus. & Com. Code § 9.207RIGHTS AND DUTIES OF SECURED PARTY HAVING POSSESSION OR CONTROL OF COLLATERAL.Printed as Section 7.106, 9.104, 9.105, 9.106, or 9.107
- Tex. Bus. & Com. Code § 9.208ADDITIONAL DUTIES OF SECURED PARTY HAVING CONTROL OF COLLATERAL.Printed as Section 9.107
- Tex. Bus. & Com. Code § 9.314PERFECTION BY CONTROL.Printed as Section 7.106, 9.104, 9.105, 9.106, 9.107, or 9.1071 | Section 7.106, 9.104, 9.105, 9.107, or 9.1071
- Tex. Bus. & Com. Code § 9.329PRIORITY OF SECURITY INTERESTS IN LETTER-OF-CREDIT RIGHT.Printed as Section 9.107
- Tex. Bus. & Com. Code § 9.601RIGHTS AFTER DEFAULT; JUDICIAL ENFORCEMENT; CONSIGNOR OR BUYER OF ACCOUNTS, CHATTEL PAPER, PAYMENT INTANGIBLES, OR PROMISSORY NOTES.Printed as Section 7.106, 9.104, 9.105, 9.106, or 9.107
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.