Chapter

Letters of Credit

Ind. Code § 26-1-5.1-101— Short title; scope
Ind. Code § 26-1-5.1-102— Definitions
Ind. Code § 26-1-5.1-103— Applicability to IC 26-1-8.1; ability to vary by agreement; independence of rights and obligations under letter of credit
Ind. Code § 26-1-5.1-104— Form of issuance; signed record
Ind. Code § 26-1-5.1-105— Consideration
Ind. Code § 26-1-5.1-106— Time and effect of establishment of credit; expiration
Ind. Code § 26-1-5.1-107— Confirmation; advice of credit; error in statement terms; notice to transfer beneficiary
Ind. Code § 26-1-5.1-108— Issuer's duty and privilege to honor; standard practice; issuer's rights upon honor of presentation
Ind. Code § 26-1-5.1-109— Fraud and forgery
Ind. Code § 26-1-5.1-110— Warranties on transfer and presentment
Ind. Code § 26-1-5.1-111— Remedies for wrongful dishonor, repudiation, or breach of obligation
Ind. Code § 26-1-5.1-112— Transferability
Ind. Code § 26-1-5.1-113— Successors of beneficiaries; rights; recognition
Ind. Code § 26-1-5.1-114— Proceeds of letter of credit; assignment
Ind. Code § 26-1-5.1-115— Statute of limitations
Ind. Code § 26-1-5.1-116— Liability of issuer, nominated person, or advisor; governing law; bank branches; rules of custom or practice; choice of forum
Ind. Code § 26-1-5.1-117— Rights of subrogation
Ind. Code § 26-1-5.1-118— Security interest of issuer or nominated person