§ 5105. Consideration. Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation.
Special Provisions in Appendix. See section 28 of Act 18 of 2001 in the appendix to this title for special provisions relating to applicability of transitional provisions.
Cross References. Section 5105 is referred to in section 9700 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 51 - Letters of Credit
Section 5101 - Short title of division
Section 5104 - Formal requirements
Section 5106 - Issuance, amendment, cancellation and duration
Section 5107 - Confirmer, nominated person and advisor
Section 5108 - Issuer's rights and obligations
Section 5109 - Fraud and forgery
Section 5112 - Transfer of letter of credit
Section 5113 - Transfer by operation of law
Section 5114 - Assignment of proceeds
Section 5115 - Statute of limitations
Section 5116 - Choice of law and forum
Section 5117 - Subrogation of issuer, applicant and nominated person
Section 5118 - Security interest of issuer or nominated person