Legislation
ARTICLE 5
Letters of Credit
Uniform Commercial Code (UCC) CHAPTER 38
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SECTION 5-101Short title
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SECTION 5-102Definitions
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SECTION 5-103Scope
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SECTION 5-104Formal requirements
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SECTION 5-105Consideration
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SECTION 5-106Issuance, amendment, cancellation, and duration
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SECTION 5-107Confirmer, nominated person, and advisor
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SECTION 5-108Issuer's rights and obligations
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SECTION 5-109Fraud and forgery
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SECTION 5-110Warranties
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SECTION 5-111Remedies
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SECTION 5-112Transfer of letter of credit
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SECTION 5-113Transfer by operation of law
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SECTION 5-114Assignment of proceeds
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SECTION 5-115Statute of limitations
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SECTION 5-116Choice of law and forum
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SECTION 5-117Subrogation of issuer, applicant, and nominated person
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SECTION 5-118Security Interest of Issuer or Nominated Person
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SECTION 5-119Applicability
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SECTION 5-120Savings clause
ARTICLE 5
LETTERS OF CREDIT
LETTERS OF CREDIT