Chapter 5.
18 sections · 11-5-101 to 11-5-118
Article 5. LETTERS OF CREDIT
- 11-5-101Short title.
- 11-5-102Definitions.
- 11-5-103Scope.
- 11-5-104Form.
- 11-5-105Consideration.
- 11-5-106Issuance, amendment, cancellation, and duration.
- 11-5-107Confirmer, nominated person, and adviser.
- 11-5-108Issuer’s rights and obligations.
- 11-5-109Fraud and forgery.
- 11-5-110Warranties.
- 11-5-111Remedies.
- 11-5-112Transfer of letter of credit.
- 11-5-113Transfer by operation of law.
- 11-5-114Assignment of proceeds.
- 11-5-115Statute of limitations.
- 11-5-116Choice of law and forum.
- 11-5-117Subrogation of issuer, applicant, and nominated person.
- 11-5-118Security interest of issuer or nominated person.