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Can you summarize Chapter 121?
LETTERS OF CREDIT
Short Summary
The provided legal document content refers to the laws of Puerto Rico governing Letters of Credit. The specific laws mentioned are P.R. Laws tit. 7 1601-1617, which have been repealed. The repeal was enacted through Act Sept. 19, 1996, No. 241, 17, and it became effective 120 days after Sept. 19, 1996. The document does not provide information on the main aspects or entities governed by these laws, any exemptions, or penalties for non-compliance or violation. Therefore, further analysis or reference to other legal sources may be necessary to obtain a comprehensive understanding of the subject matter.
Whom does it apply to?
The laws of Puerto Rico governing Letters of Credit
What does it govern?
Letters of Credit
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Puerto Rico