Collections
Indiana Code
Title 26
1
Chapter 5.1
IC 26-1-5.1
Letters of Credit
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101
Short title; scope
102
Definitions
103
Applicability to IC 26-1-8.1; ability to vary by agreement; independence of rights and obligations under letter of credit
104
Form of issuance; signed record
105
Consideration
106
Time and effect of establishment of credit; expiration
107
Confirmation; advice of credit; error in statement terms; notice to transfer beneficiary
108
Issuer's duty and privilege to honor; standard practice; issuer's rights upon honor of presentation
109
Fraud and forgery
110
Warranties on transfer and presentment
111
Remedies for wrongful dishonor, repudiation, or breach of obligation
112
Transferability
113
Successors of beneficiaries; rights; recognition
114
Proceeds of letter of credit; assignment
115
Statute of limitations
116
Liability of issuer, nominated person, or advisor; governing law; bank branches; rules of custom or practice; choice of forum
117
Rights of subrogation
118
Security interest of issuer or nominated person