Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
N.C. Gen. Stat. § 25-5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 25-1-101 to 25-9-710 (616 sections).
1999-73, s. 1.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.