South Carolina Code of Laws
Title 36 - Commercial Code
Chapter 5 - Commercial Code - Letters Of Credit

Section 36-5-101. Short title. - This chapter may be cited as Uniform Commercial Code-Letters of...

Section 36-5-102. Definitions. - (a) In this chapter: (1) "Adviser" means a person who,...

Section 36-5-103. Scope. - (a) This chapter applies to letters of credit and to...

Section 36-5-104. Formal requirements. - A letter of credit, confirmation, advice, transfer, amendment, or cancellation...

Section 36-5-105. Consideration. - Consideration is not required to issue, amend, transfer, or cancel...

Section 36-5-106. Issuance, amendment, cancellation, and duration. - (a) A letter of credit is issued and becomes enforceable...

Section 36-5-107. Confirmer, nominated person, and adviser. - (a) A confirmer is directly obligated on a letter of...

Section 36-5-108. Issuer's rights and obligations. - (a) Except as otherwise provided in Section 36-5-109, an issuer...

Section 36-5-109. Fraud and forgery. - (a) If a presentation is made that appears on its...

Section 36-5-110. Warranties. - (a) If its presentation is honored, the beneficiary warrants: (1)...

Section 36-5-111. Remedies. - (a) If an issuer wrongfully dishonors or repudiates its obligation...

Section 36-5-112. Transfer of letter of credit. - (a) Except as otherwise provided in Section 36-5-113, unless a...

Section 36-5-113. Transfer by operation of law. - (a) A successor of a beneficiary may consent to amendments,...

Section 36-5-114. Assignment of proceeds. - (a) In this section, "proceeds of a letter of credit"...

Section 36-5-115. Statute of limitations. - An action to enforce a right or obligation arising under...

Section 36-5-116. Choice of law and forum. - (a) The liability of an issuer, nominated person, or adviser...

Section 36-5-117. Subrogation of issuer, applicant, and nominated person. - (a) An issuer that honors a beneficiary's presentation is subrogated...

Section 36-5-118. Security interest of issuer or nominated person. - (a) An issuer or nominated person has a security interest...

Section 36-5-119. Transition. - (a) This chapter takes effect July 1, 2001. (b) This...