Chapter 5
Letters of Credit

Index of Sections

§ 6A-5-101. Short title.

§ 6A-5-102. Definitions.

§ 6A-5-103. Scope.

§ 6A-5-104. Formal requirements.

§ 6A-5-105. Consideration.

§ 6A-5-106. Issuance, amendment, cancellation, and duration.

§ 6A-5-107. Confirmer, nominated person, and adviser.

§ 6A-5-108. Issuer’s rights and obligations.

§ 6A-5-109. Fraud and forgery.

§ 6A-5-110. Warranties.

§ 6A-5-111. Remedies.

§ 6A-5-112. Transfer of letter of credit.

§ 6A-5-113. Transfer by operation of law.

§ 6A-5-114. Assignment of proceeds.

§ 6A-5-115. Statute of limitations.

§ 6A-5-116. Choice of law and forum.

§ 6A-5-117. Subrogation of issuer, applicant, and nominated person.

§ 6A-5-118. Security interest of issuer or nominated person.

§ 6A-5-119. Transition.

§ 6A-5-120. Official comments.