Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 5 - Uniform Commercial Code-Revised Article 5. Letters of Credit
§ 75-5-104. Formal requirements
§ 75-5-106. Issuance, amendment, cancellation and duration
§ 75-5-107. Confirmer, nominated person and adviser
§ 75-5-108. Issuer's rights and obligations
§ 75-5-112. Transfer of letter of credit
§ 75-5-113. Transfer by operation of law
§ 75-5-114. Assignment of proceeds
§ 75-5-115. Statute of limitations
§ 75-5-116. Choice of law and forum
§ 75-5-117. Subrogation of issuer, applicant and nominated person