Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Structure Alaska Statutes
Sec. 45.05.104. Formal requirements.
Sec. 45.05.105. Consideration.
Sec. 45.05.106. Issuance, amendment, cancellation, and duration.
Sec. 45.05.107. Confirmer, nominated person, and adviser.
Sec. 45.05.108. Issuer's rights and obligations.
Sec. 45.05.109. Fraud and forgery.
Sec. 45.05.112. Transfer of letter of credit.
Sec. 45.05.113. Transfer by operation of law.
Sec. 45.05.114. Assignment of proceeds.
Sec. 45.05.115. Statute of limitations.
Sec. 45.05.116. Choice of law and forum.
Sec. 45.05.117. Subrogation of issuer, applicant, and nominated person.
Sec. 45.05.118. Security interest of issuer or nominated person.