Michigan Compiled Laws § 440.5105 Consideration.

440.5105 Consideration.

Sec. 5105.

Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1998, Act 488, Imd. Eff. Jan. 4, 1999

Section: Previous  440.5101  440.5102  440.5103  440.5104  440.5105  440.5106  440.5107  440.5108  440.5109  440.5110  440.5111  440.5112  440.5113  440.5114  440.5115  Next

Last modified: October 10, 2016