Document ID: chunk:federal_register_of_legislation:C2024C00719:section:239:p2
Version: federal_register_of_legislation:C2024C00719
Segment Type: section
Provision Reference: s 239 (pt 2/2)
Character Range: 377408–377993

of credit that states that the letter of credit must be presented on claiming payment or requiring the performance of an obligation.
Note 1: For the priority of a security interest in an account if there is no foreign register, see section 77.
Note 2: For the location of bodies corporate, bodies politic and individuals, see section 235.
Note 3: Under section 237, the parties to a security agreement may expressly provide for the law of the Commonwealth to apply instead.
Note 4: Rights mentioned in subsection (6) are dealt with in the same way as financial property by section 240.