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  • SECTION 5-104
    Formal requirements
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  • ARTICLE 5
    Letters of Credit
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  • SECTION 5-106
    Issuance, amendment, cancellation, and duration
    • This entry was published on 2014-09-22
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    SECTION 5-105

    Consideration

    Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 5

    Section 5--105. Consideration.

    Consideration is not required to issue, amend, transfer, or cancel a
    letter of credit, advice, or confirmation.