Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Tex. Bus. & Com. Code § 5.105
CONSIDERATION
Known as the Uniform Commercial Code
The act spans §§ 1–12 (616 sections).
Amended by Acts 1999, 76th Leg., ch. 4, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.