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  6. Article 355.5 - Letters of Credit


Article 355.5 - Letters of Credit


  • 355.5-101 Short title.
  • 355.5-102 Definitions.
  • 355.5-103 Scope.
  • 355.5-104 Formal requirements.
  • 355.5-105 Consideration.
  • 355.5-106 Issuance, amendment, cancellation, and duration.
  • 355.5-107 Confirmer, nominated person, and adviser.
  • 355.5-108 Issuer's rights and obligations.
  • 355.5-109 Fraud and forgery.
  • 355.5-110 Warranties.
  • 355.5-111 Remedies.
  • 355.5-112 Transfer of letter of credit.
  • 355.5-113 Transfer by operation of law.
  • 355.5-114 Assignment of proceeds.
  • 355.5-115 Statute of limitations.
  • 355.5-116 Choice of law and forum.
  • 355.5-117 Subrogation of issuer, applicant, and nominated person.
  • 355.5-118 Security interest of issuer or nominated person.
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