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10 chapters · 409 sections in this title.
13 GCA § 5101 Short Title
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This division shall be known and may be cited as Uniform Commercial Code -- Letters of Credit.
13 GCA § 5102 Scope
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(1) This division applies (a) To a credit issued by a bank if the credit requires a documentary draft or a documentary demand for payment; and (b) To a credit issued by a person other than a bank if the credit requires that the draft or demand for payment be accompanied by a docu…
13 GCA § 5103 Definitions
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(1) In this division unless the context otherwise requires (a) Credit or letter of credit means an engagement by a bank or other person made at the request of a customer and of a kind within the scope of this division (Section 5102) that the issuer will honor drafts or other dema…
13 GCA § 5104 Formal Requirements; Signing
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(1) Except as otherwise required in subdivision (1) (c) of Section 5102 on scope, no particular form of phrasing is required for a credit. A credit must be in writing and signed by the issuer and a confirmation must be in writing and signed by the confirming bank. A modification …