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The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
ARTICLE 5
Letters of Credit
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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.