DIVISION 5 LETTERS OF CREDIT Chapter 51. Letters of Credit Enactment. Division 5 was added June 8, 2001, P.L.123, No.18, effective July 1, 2001. Prior Provisions. Former Division 5, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed June 8, 2001, P.L.123, No.18, effective July 1, 2001. CHAPTER 51 LETTERS OF CREDIT Sec. 5101. Short title of division. 5102. Definitions. 5103. Scope. 5104. Formal requirements. 5105. Consideration. 5106. Issuance, amendment, cancellation and duration. 5107. Confirmer, nominated person and advisor. 5108. Issuer's rights and obligations. 5109. Fraud and forgery. 5110. Warranties. 5111. Remedies. 5112. Transfer of letter of credit. 5113. Transfer by operation of law. 5114. Assignment of proceeds. 5115. Statute of limitations. 5116. Choice of law and forum. 5117. Subrogation of issuer, applicant and nominated person. 5118. Security interest of issuer or nominated person. Enactment. Chapter 51 was added June 8, 2001, P.L.123, No.18, effective July 1, 2001. Prior Provisions. Former Chapter 51, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed June 8, 2001, P.L.123, No.18, effective July 1, 2001. § 5101. Short title of division. This division shall be known and may be cited as the Uniform Commercial Code, Article 5, Letters of Credit. Special Provisions in Appendix. See section 28 of Act 18 of 2001 in the appendix to this title for special provisions relating to applicability of transitional provisions. Cross References. Section 5101 is referred to in section 9700 of this title.

DIVISION 5 LETTERS OF CREDIT Chapter 51. Letters of Credit Enactment. Division 5 was added June 8, 2001, P.L.123, No.18, effective July 1, 2001. Prior Provisions. Former Division 5, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed June 8, 2001, P.L.123, No.18, effective July 1, 2001. CHAPTER 51 LETTERS OF CREDIT Sec. 5101. Short title of division. 5102. Definitions. 5103. Scope. 5104. Formal requirements. 5105. Consideration. 5106. Issuance, amendment, cancellation and duration. 5107. Confirmer, nominated person and advisor. 5108. Issuer's rights and obligations. 5109. Fraud and forgery. 5110. Warranties. 5111. Remedies. 5112. Transfer of letter of credit. 5113. Transfer by operation of law. 5114. Assignment of proceeds. 5115. Statute of limitations. 5116. Choice of law and forum. 5117. Subrogation of issuer, applicant and nominated person. 5118. Security interest of issuer or nominated person. Enactment. Chapter 51 was added June 8, 2001, P.L.123, No.18, effective July 1, 2001. Prior Provisions. Former Chapter 51, which related to the same subject matter, was added November 1, 1979, P.L.255, No.86, and repealed June 8, 2001, P.L.123, No.18, effective July 1, 2001. § 5101. Short title of division. This division shall be known and may be cited as the Uniform Commercial Code, Article 5, Letters of Credit. Special Provisions in Appendix. See section 28 of Act 18 of 2001 in the appendix to this title for special provisions relating to applicability of transitional provisions. Cross References. Section 5101 is referred to in section 9700 of this title.