Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
R.I. Gen. Laws § 6A-5-105
§ 6A-5-105. Consideration
Known as the Uniform Commercial Code
The act spans §§ 6A-12-101 to 6A-5-120 (27 sections).
P.L. 2000, ch. 182, § 4; P.L. 2000, ch. 420, § 4.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.