Texas § BC.9.107 - CONTROL OF LETTER-OF-CREDIT RIGHT
Full text of Texas The Texas Constitution § BC.9.107 — CONTROL OF LETTER-OF-CREDIT RIGHT, with citation guidance and answers to common questions.
§ BC.9.107. CONTROL OF LETTER-OF-CREDIT RIGHT
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 5.114 (c) or otherwise applicable law or practice. Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § BC.9.107
What does The Texas Constitution § BC.9.107 cover?
Section BC.9.107 ("CONTROL OF LETTER-OF-CREDIT RIGHT") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § BC.9.107?
A common citation format is "The Texas Constitution § BC.9.107" (Texas). 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 Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § BC.9.107 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.