Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Ala. Code § 7-5-105
Consideration.
Known as the Uniform Commercial Code
The act spans §§ 7-10-101 to 7-9A-809 (703 sections).
(Acts 1997, No. 97-702, p. 1427, §1.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.