MCL - Section 440.5105

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Chapter 440
Act 174 of 1962
174-1962-5
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UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962


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