§ 5106. Issuance, amendment, cancellation and duration
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 13 Pa.C.S.A. Commercial CodeEffective: July 1, 2001
Effective: July 1, 2001
13 Pa.C.S.A. § 5106
§ 5106. Issuance, amendment, cancellation and duration
(b) Effect of amendment or cancellation in certain circumstances.--After a letter of credit is issued, rights and obligations of a beneficiary, applicant, confirmer and issuer are not affected by an amendment or cancellation to which that person has not consented except to the extent the letter of credit provides that it is revocable or that the issuer may amend or cancel the letter of credit without that consent.
Credits
2001, June 8, P.L. 123, No. 18, § 13, effective July 1, 2001.
13 Pa.C.S.A. § 5106, PA ST 13 Pa.C.S.A. § 5106
Current through Act 11 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
End of Document |