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Code · Michigan · Chapter 440 — Uniform Commercial Code

440.5105 Consideration.

40 words·~1 min read·/mi/chapter-440/440-5105

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440.5105 Consideration.
Sec. 5105.
Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 1998, Act 488 , Imd. Eff. Jan. 4, 1999
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