Formal requirements.

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A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form that is a record and is authenticated (i) by a signature or (ii) in accordance with the agreement of the parties or the standard practice referred to in section 4-5-108 (e).

Source: L. 96: Entire article R&RE, p. 194, § 1, effective July 1.

Editor's note: This section is similar to former § 4-5-104 as it existed prior to 1996.


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