Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Ohio Rev. Code Ann. § 1305.04
Consideration - UCC 5-105
Effective: July 1, 1998; Latest Legislation: House Bill 338 - 122nd General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.