Alaska Stat. § 45.05 – Letters of Credit | Midpage

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Alaska Statutes

45.05

Alaska Stat. § 45.05

Letters of Credit

45.05.101Short title 45.05.102Definitions 45.05.103Scope 45.05.104Formal requirements 45.05.105Consideration 45.05.106Issuance, amendment, cancellation, and duration 45.05.107Confirmer, nominated person, and adviser 45.05.108Issuer's rights and obligations 45.05.109Fraud and forgery 45.05.110Warranties 45.05.111Remedies 45.05.112Transfer of letter of credit 45.05.113Transfer by operation of law 45.05.114Assignment of proceeds 45.05.115Statute of limitations 45.05.116Choice of law and forum 45.05.117Subrogation of issuer, applicant, and nominated person 45.05.118Security interest of issuer or nominated person