Mississippi Code
Miss. Code Ann. § 75-9-107 (2026)
Control of letter-of-credit right
✓ current as of July 2026
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 75-5-114(c) or otherwise applicable law or practice.
Former 1972 Code § 75-9-107 [Codes, 1942, § 41A:9-107; Laws, 1966, ch. 316, § 9-107] is now found in comparable provisions enacted at § 75-9-102 by Laws, 2001, ch. 495, § 1. Present § 75-9-107 derived from 1972 Code § 75-8-106 [Laws, 1996, ch. 468, § 7] and was enacted by Laws, 2001, ch. 495, § 1, eff. 1/1/2002.
Notes of Decisions
Cited in 1
case, 1996–1996 · leading case: In Re Shaw, 209 B.R. 393 (Bankr. N.D. Miss. 1996).
In Re Shaw, 209 B.R. 393 (Bankr. N.D. Miss. 1996). “Miss.Code Ann. § 75-9-107; § 75-9-109(1) The court finds that the merchandise purchased by the respective debtors from Hollowell, as listed on the contracts entered into evidence, qualifies as “consumer goods” under Mississippi law.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.