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December 22, 2024 Clear | 14°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 5 LETTERS OF CREDIT
  6. Section 5-105 Consideration

Section 5-105

Section 5-105: Consideration

Section 5–105. Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.