Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
Utah Code § 70A-5-105
Consideration
Known as the Uniform Commercial Code
The act spans §§ 70A-12-101 to 70A-9a-904 (293 sections).
Repealed and Re-enacted by Chapter 241, 1997 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.