§ 1-9-306. Law governing perfection and priority of security interests in letter-of-credit righ...
Oklahoma Statutes AnnotatedTitle 12A. Commercial Code
12A Okl.St.Ann. § 1-9-306
§ 1-9-306. Law governing perfection and priority of security interests in letter-of-credit rights
Law governing perfection and priority of security interests in letter-of-credit rights
(a) Subject to subsection (c) of this section, 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
Laws 2000, c. 371, § 26, eff. July 1, 2001.
12A Okl. St. Ann. § 1-9-306, OK ST T. 12A § 1-9-306
Current with emergency effective legislation through Chapter 182 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
End of Document |