Article 5 - (5-101 - 5-120) LETTERS OF CREDIT
- 5-101 - Short Title.
- 5-102 - Definitions.
- 5-103 - Scope.
- 5-104 - Formal requirements.
- 5-105 - Consideration.
- 5-106 - Issuance, amendment, cancellation, and duration.
- 5-107 - Confirmer, nominated person, and advisor.
- 5-108 - Issuer's rights and obligations.
- 5-109 - Fraud and forgery.
- 5-110 - Warranties.
- 5-111 - Remedies.
- 5-112 - Transfer of letter of credit.
- 5-113 - Transfer by operation of law.
- 5-114 - Assignment of proceeds.
- 5-115 - Statute of limitations.
- 5-116 - Choice of law and forum.
- 5-117 - Subrogation of issuer, applicant, and nominated person.
- 5-118 - Security Interest of Issuer or Nominated Person.
- 5-119 - Applicability.
- 5-120 - Savings clause.