11 §5-1105. Consideration - Maine Statutes

Title 11: UNIFORM COMMERCIAL CODE

Article 5-A: LETTERS OF CREDIT HEADING: PL 1997, C. 429, PT. A, §2 (NEW)

§5-1105. Consideration

Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation. [1997, c. 429, Pt. A, §2 (NEW); 1997, c. 429, Pt. A, §4 (AFF).]

SECTION HISTORY

1997, c. 429, §A2 (NEW). 1997, c. 429, §A4 (AFF).