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Can you summarize IACO 554.5105?

UNIFORM COMMERCIAL CODE > Consideration.

October 7, 2023

Short Summary

Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation. [C66, 71, 73, 75, 77, 79, 81, 554.5105] 96 Acts, ch 1026, 4, 28

Jurisdiction

Iowa

Source

IACO 554.5105 [https://reggi.cloud.regology.com/regulations/US-IACO/US-IACO_T_XIII_C_554_S_5105]

Banking

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