Letters of Credit (UCC Article 5) 

South Dakota Laws > Title 57A > Chapter 5 > § 57A-5-116 - Choice of law and forum

(a) The liability of an issuer, nominated person, or adviser for action or omission is governed by the law of the jurisdiction chosen by an agreement in the form of a record signed or otherwise authenticated by the affected parties in the manner provided in § 57A-5-104 or by a provision in the person's letter of credit, confirmation, or other undertaking. The jurisdiction whose law is chosen need not bear any relation to the transaction.

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South Dakota Laws > Title 57A > Chapter 5 - Letters Of Credit

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