# Alaska Stat. § 45.29.107: Control of letter-of-credit right

> Alaska · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.107

## Section

- **Citation:** Alaska Stat. § 45.29.107
- **Heading:** Control of letter-of-credit right
- **Jurisdiction:** Alaska
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** AK Code / Title 45 / Chapter 45.29 / Section 45.29.107

## Text

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 a nominated person if the issuer or nominated person has consented to an assignment of proceeds of the letter of credit under AS 45.05.114 (c) or otherwise applicable law or practice.

## Nearby sections

- [Alaska Stat. § 45.29.101 Short title.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.101.md)
- [Alaska Stat. § 45.29.102 Definitions.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.102.md)
- [Alaska Stat. § 45.29.103 Purchase money security interest; application of payments; burden of establishing.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.103.md)
- [Alaska Stat. § 45.29.104 Control of deposit account.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.104.md)
- [Alaska Stat. § 45.29.105 Control of electronic chattel paper.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.105.md)
- [Alaska Stat. § 45.29.106 Control of investment property.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.106.md)
- [Alaska Stat. § 45.29.107 Control of letter-of-credit right.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.107.md)
- [Alaska Stat. § 45.29.108 Sufficiency of description.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.108.md)
- [Alaska Stat. § 45.29.109 Scope.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.109.md)
- [Alaska Stat. § 45.29.110 Security interests arising under AS 45.02 or AS 45.12.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.110.md)
- [Alaska Stat. § 45.29.201 General effectiveness of security agreement.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.201.md)
- [Alaska Stat. § 45.29.202 Title to collateral immaterial.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.202.md)
- [Alaska Stat. § 45.29.203 Attachment and enforceability of security interest; proceeds; supporting obligations; formal requisites.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.203.md)
- [Alaska Stat. § 45.29.204 After-acquired property; future advances.](https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.204.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_AK_T45_C45.29_S45.29.107. Check the current official text before relying on it. Not legal advice.