Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-5 - Letters of Credit

Section 6A-5-101. - Short title. - § 6A-5-101. Short title. This chapter may be cited as...

Section 6A-5-102. - Definitions. - § 6A-5-102. Definitions. (a) In this chapter: (1) “Adviser” means...

Section 6A-5-103. - Scope. - § 6A-5-103. Scope. (a) This chapter applies to letters of...

Section 6A-5-104. - Formal requirements. - § 6A-5-104. Formal requirements. A letter of credit, confirmation, advice,...

Section 6A-5-105. - Consideration. - § 6A-5-105. Consideration. Consideration is not required to issue, amend,...

Section 6A-5-106. - Issuance, amendment, cancellation, and duration. - § 6A-5-106. Issuance, amendment, cancellation, and duration. (a) A letter...

Section 6A-5-107. - Confirmer, nominated person, and adviser. - § 6A-5-107. Confirmer, nominated person, and adviser. (a) A confirmer...

Section 6A-5-108. - Issuer’s rights and obligations. - § 6A-5-108. Issuer’s rights and obligations. (a) Except as otherwise...

Section 6A-5-109. - Fraud and forgery. - § 6A-5-109. Fraud and forgery. (a) If a presentation is...

Section 6A-5-110. - Warranties. - § 6A-5-110. Warranties. (a) If its presentation is honored, the...

Section 6A-5-111. - Remedies. - § 6A-5-111. Remedies. (a) If an issuer wrongfully dishonors or...

Section 6A-5-112. - Transfer of letter of credit. - § 6A-5-112. Transfer of letter of credit. (a) Except as...

Section 6A-5-113. - Transfer by operation of law. - § 6A-5-113. Transfer by operation of law. (a) A successor...

Section 6A-5-114. - Assignment of proceeds. - § 6A-5-114. Assignment of proceeds. (a) In this section, “proceeds...

Section 6A-5-115. - Statute of limitations. - § 6A-5-115. Statute of limitations. An action to enforce a...

Section 6A-5-116. - Choice of law and forum. - § 6A-5-116. Choice of law and forum. (a) The liability...

Section 6A-5-117. - Subrogation of issuer, applicant, and nominated person. - § 6A-5-117. Subrogation of issuer, applicant, and nominated person. (a)...

Section 6A-5-118. - Security interest of issuer or nominated person. - § 6A-5-118. Security interest of issuer or nominated person. (a)...

Section 6A-5-119. - Transition. - § 6A-5-119. Transition. This chapter shall take effect on July...

Section 6A-5-120. - Official comments. - § 6A-5-120. Official comments. It is the intention of the...