Wisconsin Statutes 409.107 – Control of letter-of-credit right
Current as of: 2024 | Check for updates
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Terms Used In Wisconsin Statutes 409.107
- Person: includes all partnerships, associations and bodies politic or corporate. See Wisconsin Statutes 990.01
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 ch. 405 or otherwise applicable law or practice.