Arkansas Code

Browse every level of the installed Code, including titles, chapters, subchapters, articles and sections, or search all titles.

Chapter 5 Letters of Credit

• Section4-5-101. Short title.
• Section4-5-102. Definitions.
• Section4-5-103. Scope.
• Section4-5-104. Formal requirements.
• Section4-5-105. Consideration.
• Section4-5-106. Issuance, amendment, cancellation, and duration.
• Section4-5-107. Confirmer, nominated person, and adviser.
• Section4-5-108. Issuer's rights and obligations.
• Section4-5-109. Fraud and forgery.
• Section4-5-110. Warranties.
• Section4-5-111. Remedies.
• Section4-5-112. Transfer of letter of credit.
• Section4-5-113. Transfer by operation of law.
• Section4-5-114. Assignment of proceeds.
• Section4-5-115. Statute of limitations.
• Section4-5-116. Choice of law and forum.
• Section4-5-117. Subrogation of issuer, applicant, and nominated person.
• Section4-5-118. Security interest of issuer or nominated person.
• Section4-5-119. Applicability.
• Section4-5-120. Savings clause.