Pennsylvania Consolidated & Unconsolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 51 - Letters of Credit

Extra - Chapter Notes - Enactment. Chapter 51 was added June 8, 2001, P.L.123, No.18,...

Section 5101 - Short title of division - § 5101. Short title of division. This division shall be...

Section 5102 - Definitions - § 5102. Definitions. (a) Definitions.--The following words and phrases when...

Section 5103 - Scope - § 5103. Scope. (a) Applicability of division.--This division applies to...

Section 5104 - Formal requirements - § 5104. Formal requirements. A letter of credit, confirmation, advice,...

Section 5105 - Consideration - § 5105. Consideration. Consideration is not required to issue, amend,...

Section 5106 - Issuance, amendment, cancellation and duration - § 5106. Issuance, amendment, cancellation and duration. (a) Issuance; revocability.--A...

Section 5107 - Confirmer, nominated person and advisor - § 5107. Confirmer, nominated person and adviser. (a) Rights and...

Section 5108 - Issuer's rights and obligations - § 5108. Issuer's rights and obligations. (a) Duty to honor,...

Section 5109 - Fraud and forgery - § 5109. Fraud and forgery. (a) Fraud and forgery generally.--If...

Section 5110 - Warranties - § 5110. Warranties. (a) Warranties generally.--If its presentation is honored,...

Section 5111 - Remedies - § 5111. Remedies. (a) Wrongful dishonor or repudiation before presentation.--...

Section 5112 - Transfer of letter of credit - § 5112. Transfer of letter of credit. (a) Transfer generally.--Except...

Section 5113 - Transfer by operation of law - § 5113. Transfer by operation of law. (a) Undisclosed successor.--A...

Section 5114 - Assignment of proceeds - § 5114. Assignment of proceeds. (a) Definition.--As used in this...

Section 5115 - Statute of limitations - § 5115. Statute of limitations. An action to enforce a...

Section 5116 - Choice of law and forum - (a) Express choice of law.--The liability of an issuer, nominated...

Section 5117 - Subrogation of issuer, applicant and nominated person - § 5117. Subrogation of issuer, applicant and nominated person. (a)...

Section 5118 - Security interest of issuer or nominated person - § 5118. Security interest of issuer or nominated person. (a)...