South Carolina Statutes
§ 36-5-105 — Consideration.
Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
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South Carolina § 36-5-105 (Consideration.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1962 Code SECTION 10.5-105; 1966 (54) 2716; 2001 Act No. 67, SECTION 15.
Nearby Sections
15
§ 36-5-101
Short title.§ 36-5-102
Definitions.§ 36-5-103
Scope.§ 36-5-104
Formal requirements.§ 36-5-105
Consideration.§ 36-5-108
Issuer's rights and obligations.§ 36-5-109
Fraud and forgery.§ 36-5-110
Warranties.§ 36-5-111
Remedies.§ 36-5-112
Transfer of letter of credit.§ 36-5-113
Transfer by operation of law.§ 36-5-114
Assignment of proceeds.§ 36-5-115
Statute of limitations.