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Code of Alabama

Article 5

Letters of Credit

7-5-101Short Title.7-5-102Definitions.7-5-103Scope.7-5-104Formal Requirements.7-5-105Consideration.7-5-106Issuance, Amendment, Cancellation, and Duration.7-5-107Confirmer, Nominated Person, and Adviser.7-5-108Issuer’s Rights and Obligations.7-5-109Fraud and Forgery.7-5-110Warranties.7-5-111Remedies.7-5-112Transfer of Letter of Credit.7-5-113Transfer by Operation of Law.7-5-114Assignment of Proceeds.7-5-115Statute of Limitations.7-5-116Choice of Law and Forum.7-5-117Subrogation of Issuer, Applicant, and Nominated Person.7-5-118Security Interest of Issuer or Nominated Person.