Statutes > Alabama Statutes > Title 7 — COMMERCIAL CODE. > Article 5 — LETTERS OF CREDIT. > Section 7-5-105 Consideration.

Section 7-5-105 Consideration.

Section 7-5-105

Consideration.

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

(Acts 1997, No. 97-702, p. 1427, §1.)