Statutes, codes, and regulations
Kentucky Revised Statutes
Title 29 - COMMERCE AND TRADEChapter 355 - UNIFORM COMMERCIAL CODE
Article 355.5 - LETTERS OF CREDIT
Section 355.5-105 - Consideration

Ky. Rev. Stat. § 355.5-105

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Current through 2024 Ky. Acts ch. 225
Section 355.5-105 - Consideration

Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.

KRS 355.5-105

Effective:7/1/2001
Repealed and reenacted 2000, Ky. Acts ch. 408, sec. 5, effective7/1/2001. -- Created 1958 Ky. Acts ch. 77, sec. 5-105, effective 7/1/1960.