Formal Requirements

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Letters of Credit
  5. 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:

  1. By a signature; or
  2. In accordance with the agreement of the parties or the standard practice referred to in subsection (e) of Code Section 11-5-108.

(Code 1981, §11-5-104, enacted by Ga. L. 2002, p. 995, § 1.)

RESEARCH REFERENCES

Am. Jur. 2d.

- 50 Am. Jur. 2d, Letters of Credit, and Credit Cards, §§ 8, 14.

U.L.A.

- Uniform Commercial Code (U.L.A.) § 5-104.


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