Letters of Credit

  1. Law
  2. Massachusetts General Laws
  3. Administration of the Government
  4. Regulation of Trade
  5. Uniform Commercial Code
  6. 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