Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
KRS 355.5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 355.10-101 to 355.9-809 (686 sections).
Effective: July 1, 2001 History: Repealed and reenacted 2000 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.