Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Structure Delaware Code
§ 5-106. Issuance, amendment, cancellation, and duration.
§ 5-107. Confirmer, nominated person, and adviser.
§ 5-108. Issuer's rights and obligations.
§ 5-112. Transfer of letter of credit.
§ 5-113. Transfer by operation of law.
§ 5-114. Assignment of proceeds.
§ 5-115. Statute of limitations.
§ 5-116. Choice of law and forum.
§ 5-117. Subrogation of issuer, applicant, and nominated person.