Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
S.D. Codified Laws § 57A-5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 57A-1-101 to 57A-9-809 (574 sections).
Source: SL 1998, ch 283, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.