§ 9-306. Law governing perfection and priority of security interests in letter-of-credit rights
West's Annotated Code of MarylandCommercial Law
MD Code, Commercial Law, § 9-306
§ 9-306. Law governing perfection and priority of security interests in letter-of-credit rights
(a) Subject to subsection (c), the local law of the issuer's jurisdiction or a nominated person's jurisdiction governs perfection, the effect of perfection or nonperfection, and the priority of a security interest in a letter-of-credit right if the issuer's jurisdiction or nominated person's jurisdiction is a state.
Credits
Added by Acts 1999, c. 282, § 2, eff. July 1, 2001.
MD Code, Commercial Law, § 9-306, MD COML § 9-306
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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