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Texas Business & Commerce Code

§ 5.105 — CONSIDERATION

BC § 5.105Title 1. UNIFORM COMMERCIAL CODE · Ch. 5. LETTERS OF CREDIT

Statute text

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

Legislative history

Amended by Acts 1999, 76th Leg., ch. 4, Sec. 1, eff. Sept. 1, 1999.

Source: Texas Business & Commerce Code § 5.105 from the Texas Constitution and Statutes (Texas Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.