Chapter

Letters of Credit

Ark. Code Ann. § 4-5-101— Short title
Ark. Code Ann. § 4-5-102— Definitions
Ark. Code Ann. § 4-5-103— Scope
Ark. Code Ann. § 4-5-104— Formal requirements
Ark. Code Ann. § 4-5-105— Consideration
Ark. Code Ann. § 4-5-106— Issuance, amendment, cancellation, and duration
Ark. Code Ann. § 4-5-107— Confirmer, nominated person, and adviser
Ark. Code Ann. § 4-5-108— Issuer's rights and obligations
Ark. Code Ann. § 4-5-109— Fraud and forgery
Ark. Code Ann. § 4-5-110— Warranties
Ark. Code Ann. § 4-5-111— Remedies
Ark. Code Ann. § 4-5-112— Transfer of letter of credit
Ark. Code Ann. § 4-5-113— Transfer by operation of law
Ark. Code Ann. § 4-5-114— Assignment of proceeds
Ark. Code Ann. § 4-5-115— Statute of limitations
Ark. Code Ann. § 4-5-116— Choice of law and forum
Ark. Code Ann. § 4-5-117— Subrogation of issuer, applicant, and nominated person
Ark. Code Ann. § 4-5-118— Security interest of issuer or nominated person
Ark. Code Ann. § 4-5-119— Applicability
Ark. Code Ann. § 4-5-120— Savings clause