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The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
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ARTICLE 4-A
Funds Transfers
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CHAPTER 38
Uniform Commercial Code
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ARTICLE 7
Documents of Title
This entry was published on 2014-09-22
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ARTICLE 5
Letters of Credit
Uniform Commercial Code (UCC) CHAPTER 38
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 advisor
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
SECTION 5-119
Applicability
SECTION 5-120
Savings clause
ARTICLE 5

LETTERS OF CREDIT