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Iowa Code

art-5

Letters of Credit

554.5101Short title 554.5102Definitions 554.5103Scope 554.5104Formal requirements 554.5105Consideration 554.5106Issuance, amendment, cancellation, and duration 554.5107Confirmer, nominated person, and adviser 554.5108Issuer’s rights and obligations 554.5109Fraud and forgery 554.5110Warranties 554.5111Remedies 554.5112Transfer of letter of credit 554.5113Transfer by operation of law 554.5114Assignment of proceeds 554.5115Statute of limitations 554.5116Choice of law and forum 554.5117Subrogation of issuer, applicant, and nominated person 554.5118Security interest of issuer or nominated person