---
title: O.C.G.A. § 11-9-107. Control of letter of credit right.
collection: code
id: 11-9-107
cite_as: O.C.G.A. § 11-9-107 (2025)
canonical_url: https://georgiacommons.org/code/11-9-107
md_url: https://georgiacommons.org/code/11-9-107.md
text_url: https://georgiacommons.org/code/11-9-107/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-2022-pdf.pdf?sfvrsn=b5451bbd_0#page=740
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/11-9.md
previous: https://georgiacommons.org/code/11-9-106.md
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / SECURED TRANSACTIONS / GENERAL PROVISIONS / Short Title, Definitions, and General Concepts
---

# O.C.G.A. § 11-9-107. 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 Code Section 11-5-114 or otherwise applicable law or practice.

## History

Code 1981, § 11-9-107, enacted by Ga. L. 2001, p. 362, § 1.