Georgia § 11-9-107 - Control of letter of credit right.
Full text of Georgia Official Code of Georgia Annotated § 11-9-107 — Control of letter of credit right., with citation guidance and answers to common questions.
§ 11-9-107. 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 subsection (c) of Code Section 11-5-114 or otherwise applicable law or practice. (Code 1981, § 11-9-107 , enacted by Ga. L. 2001, p. 362, § 1.)
Source: official Georgia text · Last verified 2026-08-27
Frequently Asked Questions About Georgia § 11-9-107
What does Official Code of Georgia Annotated § 11-9-107 cover?
Section 11-9-107 ("Control of letter of credit right.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. 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 Georgia § 11-9-107?
A common citation format is "Official Code of Georgia Annotated § 11-9-107" (Georgia). 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 Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 11-9-107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia 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 Georgia.