# Okla. Stat. tit. 12A, § 12A-1-9-107: Control of letter-of-credit right

> Oklahoma · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-107

## Section

- **Citation:** Okla. Stat. tit. 12A, § 12A-1-9-107
- **Heading:** Control of letter-of-credit right
- **Jurisdiction:** Oklahoma
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** OK Code / Title 12A / Section 12A-1-9-107

## 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.

## Nearby sections

- [Okla. Stat. tit. 12A, § 12A-1-9-102 Definitions and index of definitions](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-102.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-104 Control of deposit account](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-104.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-105 Control of electronic copy of record evidencing](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-105.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-106 Control of investment property](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-106.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-107 Control of letter-of-credit right](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-107.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-107A Control of controllable electronic record,](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-107A.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-108 Sufficiency of description](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-108.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-109 Scope of article](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-109.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-110 Security interests arising under article 2 or 2a](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-110.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-201 General effectiveness of security agreement](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-201.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-202 Title to collateral immaterial](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-202.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-204 After-acquired property; future advances](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-204.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-205 Use or disposition of collateral permissible](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-205.md)
- [Okla. Stat. tit. 12A, § 12A-1-9-207 Rights and duties of secured party having possession](https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-207.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_OK_T12A_S12A-1-9-107. Check the current official text before relying on it. Not legal advice.