Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
La. R.S. 10:5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 10-1-101 to 10-9-343 (238 sections).
Added by Acts 1974, No. 92, §1, eff
Official source: Louisiana State Legislature. Reproduced from public-domain Louisiana statutes; confirm against the official source for the current text. Not legal advice.