Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
S.C. Code Ann. § 36-5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 36–36 (519 sections).
1962 Code SECTION 10.5-105; 1966 (54) 2716; 2001 Act No. 67, SECTION 15.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.