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These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

Article 5

LETTERS OF CREDIT

Sections

HTMLPDF 62A.5-101Short title.
HTMLPDF 62A.5-1013Applicability—Transition provision.
HTMLPDF 62A.5-1015Savings—Transition provision.
HTMLPDF 62A.5-102Definitions.
HTMLPDF 62A.5-103Scope.
HTMLPDF 62A.5-104Formal requirements.
HTMLPDF 62A.5-105Consideration.
HTMLPDF 62A.5-106Issuance, amendment, cancellation, and duration.
HTMLPDF 62A.5-107Confirmer, nominated person, and adviser.
HTMLPDF 62A.5-108Issuer's rights and obligations.
HTMLPDF 62A.5-109Fraud and forgery.
HTMLPDF 62A.5-110Warranties.
HTMLPDF 62A.5-111Remedies.
HTMLPDF 62A.5-112Transfer of letter of credit.
HTMLPDF 62A.5-113Transfer by operation of law.
HTMLPDF 62A.5-114Assignment of proceeds.
HTMLPDF 62A.5-115Statute of limitations.
HTMLPDF 62A.5-116Choice of law and forum.
HTMLPDF 62A.5-117Subrogation of issuer, applicant, and nominated person.
HTMLPDF 62A.5-118Security interest of issuer or nominated person.
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