Letters of Credit

  1. Law
  2. Delaware Code
  3. Commerce and Trade
  4. Letters of Credit

Checkout our iOS App for a better way to browser and research.

Section
5-101

Short title.

Section
5-102

Definitions.

Section
5-103

Scope.

Section
5-104

Formal requirements.

Section
5-105

Consideration.

Section
5-106

Issuance, amendment, cancellation, and duration.

Section
5-107

Confirmer, nominated person, and adviser.

Section
5-108

Issuer's rights and obligations.

Section
5-109

Fraud and forgery.

Section
5-110

Warranties.

Section
5-111

Remedies.

Section
5-112

Transfer of letter of credit.

Section
5-113

Transfer by operation of law.

Section
5-114

Assignment of proceeds.

Section
5-115

Statute of limitations.

Section
5-116

Choice of law and forum.

Section
5-117

Subrogation of issuer, applicant, and nominated person.

Section
5-118

Security interest of issuer or nominated person.