Wisconsin Statutes & Annotations
Chapter 405 - Uniform commercial code — letters of credit.

405.101 - Short title. - 405.101 Short title. This chapter may be cited as uniform...

405.102 - Definitions. - 405.102 Definitions. (1) In this chapter: (a) “Adviser" means a...

405.103 - Scope. - 405.103 Scope. (1) This chapter applies to letters of credit...

405.104 - Formal requirements. - 405.104 Formal requirements. A letter of credit, confirmation, advice, transfer,...

405.105 - Consideration. - 405.105 Consideration. Consideration is not required to issue, amend, transfer,...

405.106 - Issuance, amendment, cancellation, and duration. - 405.106 Issuance, amendment, cancellation, and duration. (1) A letter of...

405.107 - Confirmer, nominated person, and adviser. - 405.107 Confirmer, nominated person, and adviser. (1) A confirmer is...

405.108 - Issuer's rights and obligations. - 405.108 Issuer's rights and obligations. (1) Except as otherwise provided...

405.109 - Fraud and forgery. - 405.109 Fraud and forgery. (1) If a presentation is made...

405.110 - Warranties. - 405.110 Warranties. (1) If its presentation is honored, the beneficiary...

405.111 - Remedies. - 405.111 Remedies. (1) If an issuer wrongfully dishonors or repudiates...

405.112 - Transfer of letter of credit. - 405.112 Transfer of letter of credit. (1) Except as otherwise...

405.113 - Transfer by operation of law. - 405.113 Transfer by operation of law. (1) A successor of...

405.114 - Assignment of proceeds. - 405.114 Assignment of proceeds. (1) In this section, “proceeds of...

405.115 - Statute of limitations. - 405.115 Statute of limitations. An action to enforce a right...

405.116 - Choice of law and forum. - 405.116 Choice of law and forum. (1) The liability of...

405.117 - Subrogation of issuer, applicant, and nominated person. - 405.117 Subrogation of issuer, applicant, and nominated person. (1) An...

405.118 - Security interest of issuer or nominated person. - 405.118 Security interest of issuer or nominated person. (1) An...