11-5-104. Form.

Active

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form that is a signed record.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 11-5-104, enacted by Ga. L. 2002, p. 995, § 1; Ga. L. 2024, p. 817, § 5-31/HB 1240, effective July 1, 2024.

Amendments

The 2024 amendment, effective July 1, 2024, rewrote this Code section, which read: “A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form that is a record and is authenticated: “(1) By a signature; or “(2) In accordance with the agreement of the parties or the standard practice referred to in subsection (e) of Code Section 11-5-108.”

Editor's notes

Ga. L. 2024, p. 817, § 1-1/HB 1240, not codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘Uniform Commercial Code Modernization Act of 2024.’” Ga. L. 2024, p. 817, § 1-2/HB 1240, not codified by the General Assembly, provides: “Nothing in this Act shall be construed to support, endorse, create, or implement a national digital currency.”

Read the official page (the state's PDF, opened at the page this text was read from).

Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t11-(v9)-pdf.pdf, Volume V9, 2022 edition, 2025 supplement, page 56; merge action: replaced; file SHA-256 df9393c4ba3b.