A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form that is a record and is authenticated (i) by a signature or (ii) in accordance with the agreement of the parties or the standard practice referred to in Section 7-5-108(e).
Structure Code of Alabama
Article 5 - Letters of Credit.
Section 7-5-101 - Short Title.
Section 7-5-102 - Definitions.
Section 7-5-104 - Formal Requirements.
Section 7-5-105 - Consideration.
Section 7-5-106 - Issuance, Amendment, Cancellation, and Duration.
Section 7-5-107 - Confirmer, Nominated Person, and Adviser.
Section 7-5-108 - Issuer's Rights and Obligations.
Section 7-5-109 - Fraud and Forgery.
Section 7-5-112 - Transfer of Letter of Credit.
Section 7-5-113 - Transfer by Operation of Law.
Section 7-5-114 - Assignment of Proceeds.
Section 7-5-115 - Statute of Limitations.
Section 7-5-116 - Choice of Law and Forum.
Section 7-5-117 - Subrogation of Issuer, Applicant, and Nominated Person.
Section 7-5-118 - Security Interest of Issuer or Nominated Person.