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