§ 5—105. Consideration
Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation. (Added 1997, No. 65 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)
Structure Vermont Statutes
Title 9A - Uniform Commercial Code
§ 5—106. Issuance, amendment, cancellation, and duration
§ 5—107. Confirmer, nominated person, and adviser
§ 5—108. Issuer’s rights and obligations
§ 5—112. Transfer of letter of credit
§ 5—113. Transfer by operation of law
§ 5—114. Assignment of proceeds
§ 5—115. Statute of limitations
§ 5—116. Choice of law and forum
§ 5—117. Subrogation of issuer, applicant, and nominated person