Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Ark. Code Ann. § 4-5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 4–4 (597 sections).
Acts 1997, No. 1070, § 1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.