Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
810 ILCS 5/5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 810-5-1-101 to 810-5-9-150 (132 sections).
P.A. 89-534, eff. 1-1-97.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.