Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation.
Me. Rev. Stat. tit. 11, § 5-1105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 2-101 to 9-1709 (548 sections).
PL 1997, c. 429, §A2 (NEW)
Official source: Maine Legislature. Reproduced from public-domain Maine statutes; confirm against the official source for the current text. Not legal advice.