§5-1105. Consideration
Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation. [PL 1997, c. 429, Pt. A, §2 (NEW); PL 1997, c. 429, Pt. A, §4 (AFF).]
SECTION HISTORY
PL 1997, c. 429, §A2 (NEW). PL 1997, c. 429, §A4 (AFF).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 5-A: LETTERS OF CREDIT
11 §5-1104. Formal requirements
11 §5-1106. Issuance, amendment, cancellation and duration
11 §5-1107. Confirmer, nominated person and adviser
11 §5-1108. Issuer's rights and obligations
11 §5-1112. Transfer of letter of credit
11 §5-1113. Transfer by operation of law
11 §5-1114. Assignment of proceeds
11 §5-1115. Statute of limitations
11 §5-1116. Choice of law and forum
11 §5-1117. Subrogation of issuer, applicant and nominated person