Texas Statutes
Title 1 - Uniform Commercial Code
Chapter 5 - Letters of Credit

Section 5.101. Short Title - Sec. 5.101. SHORT TITLE. This chapter may be cited as...

Section 5.102. Definitions - Sec. 5.102. DEFINITIONS. (a) in this chapter: (1) "Adviser" means...

Section 5.103. Scope - Sec. 5.103. SCOPE. (a) This chapter applies to letters of...

Section 5.104. Formal Requirements - Sec. 5.104. FORMAL REQUIREMENTS. A letter of credit, confirmation, advice,...

Section 5.105. Consideration - Sec. 5.105. CONSIDERATION. Consideration is not required to issue, amend,...

Section 5.106. Issuance, Amendment, Cancellation, and Duration - Sec. 5.106. ISSUANCE, AMENDMENT, CANCELLATION, AND DURATION. (a) A letter...

Section 5.107. Confirmer, Nominated Person, and Adviser - Sec. 5.107. CONFIRMER, NOMINATED PERSON, AND ADVISER. (a) A confirmer...

Section 5.108. Issuer's Rights and Obligations - Sec. 5.108. ISSUER'S RIGHTS AND OBLIGATIONS. (a) Except as otherwise...

Section 5.109. Fraud and Forgery - Sec. 5.109. FRAUD AND FORGERY. (a) If a presentation is...

Section 5.110. Warranties - Sec. 5.110. WARRANTIES. (a) If its presentation is honored, the...

Section 5.111. Remedies - Sec. 5.111. REMEDIES. (a) If an issuer wrongfully dishonors or...

Section 5.112. Transfer of Letter of Credit - Sec. 5.112. TRANSFER OF LETTER OF CREDIT. (a) Except as...

Section 5.113. Transfer by Operation of Law - Sec. 5.113. TRANSFER BY OPERATION OF LAW. (a) A successor...

Section 5.114. Assignment of Proceeds - Sec. 5.114. ASSIGNMENT OF PROCEEDS. (a) In this section, "proceeds...

Section 5.115. Statute of Limitations - Sec. 5.115. STATUTE OF LIMITATIONS. An action to enforce a...

Section 5.116. Choice of Law and Forum - Sec. 5.116. CHOICE OF LAW AND FORUM. (a) The liability...

Section 5.117. Subrogation of Issuer, Applicant, and Nominated Person - Sec. 5.117. SUBROGATION OF ISSUER, APPLICANT, AND NOMINATED PERSON. (a)...

Section 5.118. Security Interest of Issuer or Nominated Person - Sec. 5.118. SECURITY INTEREST OF ISSUER OR NOMINATED PERSON. (a)...