Letters of Credit

  1. Law
  2. New Mexico Statutes
  3. Uniform Commercial Code
  4. Letters of Credit

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Section
55-5-101

Short title.

Section
55-5-102

Definitions.

Section
55-5-103

Scope.

Section
55-5-104

Formal requirements.

Section
55-5-105

Consideration.

Section
55-5-106

Issuance, amendment, cancellation and duration.

Section
55-5-107

Confirmer, nominated person and adviser.

Section
55-5-108

Issuer's rights and obligations.

Section
55-5-109

Fraud and forgery.

Section
55-5-110

Warranties.

Section
55-5-111

Remedies.

Section
55-5-112

Transfer of letter of credit.

Section
55-5-113

Transfer by operation of law.

Section
55-5-114

Assignment of proceeds.

Section
55-5-115

Statute of limitations.

Section
55-5-116

Choice of law and forum.

Section
55-5-117

Subrogation of issuer, applicant and nominated person.

Section
55-5-118

Security interest of issuer or nominated person.