Arizona § 47-9107 - Control of letter-of-credit right
Full text of Arizona Arizona Revised Statutes § 47-9107 — Control of letter-of-credit right, with citation guidance and answers to common questions.
§ 47-9107. 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 person has consented to an assignment of proceeds of the letter of credit under section 47-5114, subsection C or otherwise applicable law or practice.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 47-9107
What does Arizona Revised Statutes § 47-9107 cover?
Section 47-9107 ("Control of letter-of-credit right") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 47-9107?
A common citation format is "Arizona Revised Statutes § 47-9107" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 47-9107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.