Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation.
Miss. Code Ann. § 75-5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 75–75 (480 sections).
Applied in 1 court decision — leading case 893 So. 2d 1054 - Hataway v. Nicholls (2005)
Most recently applied in 893 So. 2d 1054 - Hataway v. Nicholls (February 2005)
Laws, 1996, ch. 460, § 6, eff from and after July 1, 1996.
Current official text: Mississippi Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Mississippi statutes; confirm against the official source for the current text. Not legal advice.