Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Cal. Com. Code § 5105
LETTERS OF CREDIT
Known as the Uniform Commercial Code
The act spans §§ 1101–12107 (623 sections).
Repealed and added by Stats. 1996, Ch. 176, Sec. 7
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.