25-5-105. Consideration.
Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation. (1999-73, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 25 - Uniform Commercial Code
Article 5 - Letters of Credit.
§ 25-5-104 - Formal requirements.
§ 25-5-106 - Issuance, amendment, cancellation, and duration.
§ 25-5-107 - Confirmer, nominated person, and adviser.
§ 25-5-108 - Issuer's rights and obligations.
§ 25-5-109 - Fraud and forgery.
§ 25-5-112 - Transfer of letter of credit.
§ 25-5-113 - Transfer by operation of law.
§ 25-5-114 - Assignment of proceeds.
§ 25-5-115 - Statute of limitations.
§ 25-5-116 - Choice of law and forum.
§ 25-5-117 - Subrogation of issuer, applicant, and nominated person.
§ 25-5-118 - Security interest of issuer or nominated person.