Letters of Credit

  1. Law
  2. Arkansas Code
  3. Business and Commercial Law
  4. Uniform Commercial Code
  5. Letters of Credit

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Section
4-5-101

Short title

Section
4-5-102

Definitions

Section
4-5-103

Scope

Section
4-5-104

Formal requirements

Section
4-5-105

Consideration

Section
4-5-106

Issuance, amendment, cancellation, and duration

Section
4-5-107

Confirmer, nominated person, and adviser

Section
4-5-108

Issuer's rights and obligations

Section
4-5-109

Fraud and forgery

Section
4-5-110

Warranties

Section
4-5-111

Remedies

Section
4-5-112

Transfer of letter of credit

Section
4-5-113

Transfer by operation of law

Section
4-5-114

Assignment of proceeds

Section
4-5-115

Statute of limitations

Section
4-5-116

Choice of law and forum

Section
4-5-117

Subrogation of issuer, applicant, and nominated person

Section
4-5-118

Security interest of issuer or nominated person

Section
4-5-119

Applicability

Section
4-5-120

Savings clause