Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Structure West Virginia Code
Chapter 46. Uniform Commercial Code
§46-5-104. Formal Requirements
§46-5-106. Issuance, Amendment, Cancellation and Duration
§46-5-107. Confirmer, Nominated Person and Adviser
§46-5-108. Issuer's Rights and Obligations
§46-5-112. Transfer of Letter of Credit
§46-5-113. Transfer by Operation of Law
§46-5-114. Assignment of Proceeds
§46-5-115. Statute of Limitations
§46-5-116. Choice of Law and Forum
§46-5-117. Subrogation of Issuer, Applicant and Nominated Person