2021 Tennessee Code
Chapter 5 - Letters of Credit
§ 47-5-105. Consideration

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

<< Previous
Next >>

Structure 2021 Tennessee Code

2021 Tennessee Code

Title 47 - Commercial Instruments and Transactions

Chapter 5 - Letters of Credit

§ 47-5-101. Short Title

§ 47-5-102. Definitions

§ 47-5-104. Formal Requirements

§ 47-5-105. Consideration

§ 47-5-109. Fraud and Forgery

§ 47-5-115. Statute of Limitations

§ 47-5-116. Choice of Law and Forum