Letters of Credit

B.       Investment Securities

– JPMorgan Chase Bank, N.A. v. Herman, _ A._ _ (Conn.App. 2017) – Under UCC § 8-112 a judgment creditor of a holder of a security entitlement properly levied against the securities intermediary where the securities account was maintained. The court rejected the judgment debtor’s argument that the judgment creditor should have levied on DTC, where the physical certificate was located.

C.       Documents of Title

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2017-2018 Commercial Law Developments

I. PERSONAL PROPERTY SECURED TRANSACTIONS 
II. REAL PROPERTY SECURED TRANSACTIONS
III. GUARANTIES
IV. FRAUDULENT TRANSFERS AND VOIDABLE TRANSACTIONS
V. CREDITOR AND BORROWER LIABILITY
VI. U.C.C. – SALES AND PERSONAL PROPERTY LEASING
VII. NOTES AND ELECTRONIC FUNDS TRANSFERS
VIII. LETTERS OF CREDIT, INVESTMENT SECURITIES, AND DOCUMENTS OF TITLE
IX. CONTRACTS
X. OTHER LAWS AFFECTING COMMERCIAL TRANSACTIONS