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  • SECTION 5-103
    Scope
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  • ARTICLE 5
    Letters of Credit
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  • SECTION 5-105
    Consideration
    • This entry was published on 2025-12-12
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    SECTION 5-104

    Formal requirements

    Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 5

    * Section 5--104. Formal requirements.

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

    (a) by a signature, or

    (b) in accordance with the agreement of the parties or the standard
    practice referred to in subsection (e) of section 5--108.

    * NB Effective until June 3, 2026
    * Section 5--104. Formal requirements.

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

    * NB Effective June 3, 2026