New Jersey § 12a:9-306
Full text of New Jersey New Jersey Statutes § 12a:9-306, with citation guidance and answers to common questions.
§ 12a:9-306.
(a) Governing law: issuer's or nominated person's jurisdiction. Subject to subsection (c) , the local law of the issuer's jurisdiction or a nominated person's jurisdiction
governs perfection, the effect of perfection or nonperfection, and the priority of
a security interest in a letter-of-credit right if the issuer's jurisdiction or nominated
person's jurisdiction is a state. (b) Issuer's or nominated person's jurisdiction. For purposes of this part, an issuer's jurisdiction or nominated person's jurisdiction
is the jurisdiction whose law governs the liability of the issuer or nominated person
with respect to the letter-of-credit right as provided in 12A:5-116. (c) When section not applicable. This section does not apply to a security interest that is perfected only under
12A:9-308 (d).
Frequently Asked Questions About New Jersey § 12a:9-306
What does New Jersey Statutes § 12a:9-306 cover?
Section 12a:9-306 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:9-306?
A common citation format is "New Jersey Statutes § 12a:9-306" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:9-306 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.