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2018 Georgia Code 11-5-104 | Car Wreck Lawyer

TITLE 11 COMMERCIAL CODE

Section 5. Letters of Credit, 11-5-101 through 11-5-118.

ARTICLE 5 LETTERS OF CREDIT

11-5-104. Formal requirements.

A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form that is a record and is authenticated:

  1. By a signature; or
  2. In accordance with the agreement of the parties or the standard practice referred to in subsection (e) of Code Section 11-5-108.

(Code 1981, §11-5-104, enacted by Ga. L. 2002, p. 995, § 1.)

JUDICIAL DECISIONS

Editor's notes.

- In light of the similarity of the provisions, decisions under former Article 5 are included in the annotations for this Code section.

Cited in Dibrell Bros. Int'l v. Banca Nazionale Del Lavoro, 38 F.3d 1571 (11th Cir. 1994).

RESEARCH REFERENCES

Am. Jur. 2d.

- 50 Am. Jur. 2d, Letters of Credit, and Credit Cards, §§ 8, 14.

U.L.A.

- Uniform Commercial Code (U.L.A.) § 5-104.

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