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    • Legislation USA
    • Rhode Island General Laws
    • Title 6A - Uniform Commercial Code
    • Chapter 6A-5 - Letters of Credit
    • Section 6A-5-120. - Official comments.

    Rhode Island General Laws
    Chapter 6A-5 - Letters of Credit
    Section 6A-5-120. - Official comments.

    § 6A-5-120. Official comments.
    It is the intention of the general assembly that the official comments to this chapter represent the express legislative intent of the general assembly and shall be used as a guide for interpretation of this chapter.
    History of Section.P.L. 2000, ch. 182, § 4; P.L. 2000, ch. 420, § 4.

    << Previous

    Structure Rhode Island General Laws

    Rhode Island General Laws

    Title 6A - Uniform Commercial Code

    Chapter 6A-5 - Letters of Credit

    Section 6A-5-101. - Short title.

    Section 6A-5-102. - Definitions.

    Section 6A-5-103. - Scope.

    Section 6A-5-104. - Formal requirements.

    Section 6A-5-105. - Consideration.

    Section 6A-5-106. - Issuance, amendment, cancellation, and duration.

    Section 6A-5-107. - Confirmer, nominated person, and adviser.

    Section 6A-5-108. - Issuer’s rights and obligations.

    Section 6A-5-109. - Fraud and forgery.

    Section 6A-5-110. - Warranties.

    Section 6A-5-111. - Remedies.

    Section 6A-5-112. - Transfer of letter of credit.

    Section 6A-5-113. - Transfer by operation of law.

    Section 6A-5-114. - Assignment of proceeds.

    Section 6A-5-115. - Statute of limitations.

    Section 6A-5-116. - Choice of law and forum.

    Section 6A-5-117. - Subrogation of issuer, applicant, and nominated person.

    Section 6A-5-118. - Security interest of issuer or nominated person.

    Section 6A-5-119. - Transition.

    Section 6A-5-120. - Official comments.

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