New York Statutes
§ 5-105 — Consideration
Section 5--105. Consideration.\n Consideration is not required to issue, amend, transfer, or cancel a\nletter of credit, advice, or confirmation.\n
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Nearby Sections
15
§ 5-101
Short title§ 5-102
Definitions§ 5-103
Scope§ 5-104
Formal requirements§ 5-105
Consideration§ 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
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