North Carolina General Statutes
Chapter 25 - Uniform Commercial Code
Article 5 - Letters of Credit.

§ 25-5-101 - Short title. - 25-5-101. Short title. This article may be cited as Uniform...

§ 25-5-102 - Definitions. - 25-5-102. Definitions. (a) In this Article: (1) "Adviser" means a...

§ 25-5-103 - Scope. - 25-5-103. Scope. (a) This Article applies to letters of credit...

§ 25-5-104 - Formal requirements. - 25-5-104. Formal requirements. A letter of credit, confirmation, advice, transfer,...

§ 25-5-105 - Consideration. - 25-5-105. Consideration. Consideration is not required to issue, amend, transfer,...

§ 25-5-106 - Issuance, amendment, cancellation, and duration. - 25-5-106. Issuance, amendment, cancellation, and duration. (a) A letter of...

§ 25-5-107 - Confirmer, nominated person, and adviser. - 25-5-107. Confirmer, nominated person, and adviser. (a) A confirmer is...

§ 25-5-108 - Issuer's rights and obligations. - 25-5-108. Issuer's rights and obligations. (a) Except as otherwise provided...

§ 25-5-109 - Fraud and forgery. - 25-5-109. Fraud and forgery. (a) If a presentation is made...

§ 25-5-110 - Warranties. - 25-5-110. Warranties. (a) If its presentation is honored, the beneficiary...

§ 25-5-111 - Remedies. - 25-5-111. Remedies. (a) If an issuer wrongfully dishonors or repudiates...

§ 25-5-112 - Transfer of letter of credit. - 25-5-112. Transfer of letter of credit. (a) Except as otherwise...

§ 25-5-113 - Transfer by operation of law. - 25-5-113. Transfer by operation of law. (a) A successor of...

§ 25-5-114 - Assignment of proceeds. - 25-5-114. Assignment of proceeds. (a) In this section, "proceeds of...

§ 25-5-115 - Statute of limitations. - 25-5-115. Statute of limitations. An action to enforce a right...

§ 25-5-116 - Choice of law and forum. - 25-5-116. Choice of law and forum. (a) The liability of...

§ 25-5-117 - Subrogation of issuer, applicant, and nominated person. - 25-5-117. Subrogation of issuer, applicant, and nominated person. (a) An...

§ 25-5-118 - Security interest of issuer or nominated person. - 25-5-118. Security interest of issuer or nominated person. (a) An...