2021 Oregon Revised Statutes
Volume : 02 - Business Organizations, Commercial Code
Chapter 075 - Letters of Credit

Section 75.1020 - Definitions. - (a) "Adviser" means a person who, at the request of...

Section 75.1030 - Application of chapter. - (2) The statement of a rule in this chapter does...

Section 75.1040 - Formal requirements. - (1) By a signature; or (2) In accordance with the...

Section 75.1060 - Issuance, amendment, cancellation and duration. - (2) After a letter of credit is issued, rights and...

Section 75.1070 - Confirmer, nominated person and adviser. - (2) A nominated person who is not a confirmer is...

Section 75.1080 - Issuer’s rights and obligations. - (2) An issuer has a reasonable time after presentation, but...

Section 75.1090 - Fraud and forgery. - (a) The issuer shall honor the presentation, if honor is...

Section 75.1100 - Warranties. - (a) To the issuer, any other person to whom presentation...

Section 75.1110 - Remedies. - (2) If an issuer wrongfully dishonors a draft or demand...

Section 75.1120 - Transfer of letter of credit. - (2) Even if a letter of credit provides that it...

Section 75.1130 - Successor of beneficiary. - (2) A successor of a beneficiary may consent to amendments,...

Section 75.1140 - Assignment of proceeds. - (2) A beneficiary may assign its right to part or...

Section 75.1160 - Choice of law and forum. - (2) Unless subsection (1) of this section applies, the liability...

Section 75.1170 - Subrogation of issuer, applicant and nominated person. - (2) An applicant that reimburses an issuer is subrogated to...

Section 75.1180 - Security interest of issuer or nominated person. - (2) As long as and to the extent that an...