South Dakota Codified Laws
Title 57A - Uniform Commercial Code
Chapter 05 - Letters Of Credit

Section 57A-5-101 - Short title. - 57A-5-101. Short title. This chapter may be cited as Uniform...

Section 57A-5-102 - Definitions. - 57A-5-102. Definitions. (a) In this chapter: (1)"Adviser" means a person...

Section 57A-5-103 - Scope. - 57A-5-103. Scope. (a) This chapter applies to letters of credit...

Section 57A-5-104 - Formal requirements. - 57A-5-104. Formal requirements. A letter of credit, confirmation, advice, transfer,...

Section 57A-5-105 - Consideration. - 57A-5-105. Consideration. Consideration is not required to issue, amend, transfer,...

Section 57A-5-106 - Issuance, amendment, cancellation, and duration. - 57A-5-106. Issuance, amendment, cancellation, and duration. (a) A letter of...

Section 57A-5-107 - Confirmer, nominated person, and adviser. - 57A-5-107. Confirmer, nominated person, and adviser. (a) A confirmer is...

Section 57A-5-108 - Issuer's rights and obligations. - 57A-5-108. Issuer's rights and obligations. (a) Except as otherwise provided...

Section 57A-5-110 - Warranties. - 57A-5-110. Warranties. (a) If its presentation is honored, the beneficiary...

Section 57A-5-111 - Remedies. - 57A-5-111. Remedies. (a) If an issuer wrongfully dishonors or repudiates...

Section 57A-5-112 - Transfer of letter of credit. - 57A-5-112. Transfer of letter of credit. (a) Except as otherwise...

Section 57A-5-113 - Transfer by operation of law. - 57A-5-113. Transfer by operation of law. (a) A successor of...

Section 57A-5-114 - Assignment of proceeds. - 57A-5-114. Assignment of proceeds. (a) In this section, "proceeds of...

Section 57A-5-115 - Statute of limitations. - 57A-5-115. Statute of limitations. An action to enforce a right...

Section 57A-5-116 - Choice of law and forum. - 57A-5-116. Choice of law and forum. (a) The liability of...

Section 57A-5-117 - Subrogation of issuer, applicant, and nominated person. - 57A-5-117. Subrogation of issuer, applicant, and nominated person. (a) An...

Section 57A-5-118 - Issuer's security interest in document presented under letter of credit. - 57A-5-118. Issuer's security interest in document presented under letter of...