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  6. Chapter 440 - Uniform Comme...
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  8. Act 174 of 1962 Uniform Com...
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  10. Article 5 - Letters of Credit (440.5101...440.5...


Article 5 - Letters of Credit (440.5101...440.5118)


  • Section 440.5101 Uniform Commercial Code—letters of Credit; Short Title of Article.
  • Section 440.5102 Definitions.
  • Section 440.5103 Letters of Credit; Scope of Article.
  • Section 440.5104 Issuance; Authentication.
  • Section 440.5105 Consideration.
  • Section 440.5106 Credit; Issuance; Enforcement; Revocation; Expiration.
  • Section 440.5107 Confirmation; Rights and Obligations; Request to Advise; Notice to Transferee Beneficiary.
  • Section 440.5108 Honoring or Dishonoring Presentation.
  • Section 440.5109 Forged or Fraudulent Document; Injunction; Findings of Court.
  • Section 440.5110 Warranties on Presentment or Transfer.
  • Section 440.5111 Wrongful Dishonor, Repudiation, or Breach; Rights of Claimant or Applicant; Liability of Issuer, Nominated Person, or Adviser; Attorney Fees; Liquidated Damages.
  • Section 440.5112 Right to Draw or Demand Performance Under Letter of Credit; Transfer.
  • Section 440.5113 Rights of Successor Beneficiary.
  • Section 440.5114 Proceeds of Letter of Credit.
  • Section 440.5115 Commencement of Action.
  • Section 440.5116 Jurisdiction; Forum.
  • Section 440.5117 Rights of Subrogation.
  • Section 440.5118 Document Presented Under Letter of Credit; Security Interest of Issuer or Nominated Person.
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