Statutes > New Mexico Statutes > Chapter 55 - Uniform Commercial Code. > Article 5 - Letters of Credit, 55-5-101 through 55-5-118. > Section 55-5-105 - Consideration.

Section 55-5-105 - Consideration.

55-5-105. Consideration.

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