Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation. (Acts 1997, No. 97-702, p. 1427, §1.)
Ala. Code § 7-5-105, under Letters of Credit.
Ala. Code § 7-5-105
Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation. (Acts 1997, No. 97-702, p. 1427, §1.)