Letters of Credit.

  1. Law
  2. Code of Alabama
  3. Commercial Code.
  4. Letters of Credit.

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Section
7-5-101

Short Title.

Section
7-5-102

Definitions.

Section
7-5-103

Scope.

Section
7-5-104

Formal Requirements.

Section
7-5-105

Consideration.

Section
7-5-106

Issuance, Amendment, Cancellation, and Duration.

Section
7-5-107

Confirmer, Nominated Person, and Adviser.

Section
7-5-108

Issuer's Rights and Obligations.

Section
7-5-109

Fraud and Forgery.

Section
7-5-110

Warranties.

Section
7-5-111

Remedies.

Section
7-5-112

Transfer of Letter of Credit.

Section
7-5-113

Transfer by Operation of Law.

Section
7-5-114

Assignment of Proceeds.

Section
7-5-115

Statute of Limitations.

Section
7-5-116

Choice of Law and Forum.

Section
7-5-117

Subrogation of Issuer, Applicant, and Nominated Person.

Section
7-5-118

Security Interest of Issuer or Nominated Person.