New Jersey Statutes
§ 12A:5-105 — Consideration.
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
12A:5-105. Consideration. Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation. L.1997,c.395,s.1.
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Nearby Sections
15
§ 12A:5-101
Short title.§ 12A:5-102
Definitions.§ 12A:5-103
Scope.§ 12A:5-104
Formal requirements.§ 12A:5-105
Consideration.§ 12A:5-107
Confirmer, nominated person, and adviser.§ 12A:5-108
Issuer's rights and obligations.§ 12A:5-109
Fraud and forgery.§ 12A:5-110
Warranties.§ 12A:5-111
Remedies.§ 12A:5-112
Transfer of letter of credit.§ 12A:5-113
Transfer by operation of law.§ 12A:5-114
Assignment of proceeds.§ 12A:5-115
Statute of limitations.