Okla. Stat. tit. 12A, § 12A-1-9-107
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-107, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Control of letter-of-credit right
Official statutory text
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 Section 5-114 of this title or otherwise applicable law or
practice.
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 Section 5-114 of this title or otherwise applicable law or
practice.
Status: in_force · Read it on the official government site
Need a lawyer in Oklahoma?
Find a Oklahoma lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.