Letters of Credit

  1. Law
  2. Indiana Code
  3. Commercial Law
  4. Uniform Commercial Code
  5. Letters of Credit

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Section
26-1-5.1-101

Short Title; Scope

Section
26-1-5.1-102

Definitions

Section
26-1-5.1-103

Applicability to Ic 26-1-8.1; Ability to Vary by Agreement; Independence of Rights and Obligations Under Letter of Credit

Section
26-1-5.1-104

Formal Requirements; Signing or Standard Practice

Section
26-1-5.1-105

Consideration

Section
26-1-5.1-106

Time and Effect of Establishment of Credit; Expiration

Section
26-1-5.1-107

Confirmation; Advice of Credit; Error in Statement Terms; Notice to Transfer Beneficiary

Section
26-1-5.1-108

Issuer's Duty and Privilege to Honor; Standard Practice; Issuer's Rights Upon Honor of Presentation

Section
26-1-5.1-109

Fraud and Forgery

Section
26-1-5.1-110

Warranties on Transfer and Presentment

Section
26-1-5.1-111

Remedies for Wrongful Dishonor, Repudiation, or Breach of Obligation

Section
26-1-5.1-112

Transferability

Section
26-1-5.1-113

Successors of Beneficiaries; Rights; Recognition

Section
26-1-5.1-114

Proceeds of Letter of Credit; Assignment

Section
26-1-5.1-115

Statute of Limitations

Section
26-1-5.1-116

Applicable Law Regarding Liability of Issuer; Choice of Forum

Section
26-1-5.1-117

Rights of Subrogation

Section
26-1-5.1-118

Security Interest of Issuer or Nominated Person