§ 12A-5-104. Formal Requirements.  


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  • Formal Requirements.

    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 Section 5-108 of this title.

Added by Laws 1961, p. 133, § 5-104.  Amended by Laws 1996, c. 56, § 3, eff. Jan. 1, 1997.