# Tex. Business & Commerce Code § 9.107: CONTROL OF LETTER-OF-CREDIT RIGHT

> Texas · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.107

## Section

- **Citation:** Tex. Business & Commerce Code § 9.107
- **Heading:** CONTROL OF LETTER-OF-CREDIT RIGHT
- **Jurisdiction:** Texas
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** TX Code / Code bc / Chapter 9 / Section 9.107

## 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 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.

## Nearby sections

- [Tex. Business & Commerce Code § 9.101 § 9.101. SHORT TITLE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.101.md)
- [Tex. Business & Commerce Code § 9.102 § 9.102. DEFINITIONS AND INDEX OF DEFINITIONS.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.102.md)
- [Tex. Business & Commerce Code § 9.103 § 9.103. PURCHASE-MONEY SECURITY INTEREST; APPLICATION OF PAYMENTS; BURDEN OF ESTABLISHING.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.103.md)
- [Tex. Business & Commerce Code § 9.104 § 9.104. CONTROL OF DEPOSIT ACCOUNT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.104.md)
- [Tex. Business & Commerce Code § 9.105 § 9.105. CONTROL OF ELECTRONIC CHATTEL PAPER.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.105.md)
- [Tex. Business & Commerce Code § 9.106 § 9.106. CONTROL OF INVESTMENT PROPERTY.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.106.md)
- [Tex. Business & Commerce Code § 9.107 § 9.107. CONTROL OF LETTER-OF-CREDIT RIGHT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.107.md)
- [Tex. Business & Commerce Code § 9.108 § 9.108. SUFFICIENCY OF DESCRIPTION.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.108.md)
- [Tex. Business & Commerce Code § 9.109 § 9.109. SCOPE.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.109.md)
- [Tex. Business & Commerce Code § 9.110 § 9.110.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.110.md)
- [Tex. Business & Commerce Code § 9.201 § 9.201. GENERAL EFFECTIVENESS OF SECURITY AGREEMENT.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.201.md)
- [Tex. Business & Commerce Code § 9.202 § 9.202. TITLE TO COLLATERAL IMMATERIAL.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.202.md)
- [Tex. Business & Commerce Code § 9.203 § 9.203. ATTACHMENT AND ENFORCEABILITY OF SECURITY INTEREST; PROCEEDS; SUPPORTING OBLIGATIONS; FORMAL REQUISITES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.203.md)
- [Tex. Business & Commerce Code § 9.204 § 9.204. AFTER-ACQUIRED PROPERTY; FUTURE ADVANCES.](https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.204.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_TX_Cbc_C9_S9.107. Check the current official text before relying on it. Not legal advice.