California Codes > Commercial Code > Division 5 California Codes > Commercial Code > Division 5 – Letters of Credit Current as of: 2024 | Check for updates | Other versions § 5101 This division may be cited as Uniform Commercial Code-Letters of … § 5102 (a) In this division:(1) “Adviser” means a person who, at … § 5103 (a) This division applies to letters of credit and to certain … § 5104 A letter of credit, confirmation, advice, transfer, amendment, or … § 5105 Consideration is not required to issue, amend, transfer, or cancel a … § 5106 (a) A letter of credit is issued and becomes enforceable … § 5107 (a) A confirmer is directly obligated on a letter of credit and … § 5108 (a) Except as otherwise provided in Section 5109, an issuer … § 5109 (a) If a presentation is made that appears on its face strictly … § 5110 (a) If its presentation is honored, the beneficiary … § 5111 (a) If an issuer wrongfully dishonors or repudiates its … § 5112 (a) Except as otherwise provided in Section 5113, unless a … § 5113 (a) A successor of a beneficiary may consent to amendments, sign … § 5114 (a) In this section, “proceeds of a letter of credit” means the … § 5115 An action to enforce a right or obligation arising under this article … § 5116 (a) The liability of an issuer, nominated person, or adviser for … § 5117 (a) An issuer that honors a beneficiary’s presentation is … § 5118 (a) An issuer or nominated person has a security interest in a … Ask a business law question, get an answer ASAP!Thousands of highly rated, verified business lawyers.Click here to chat with a lawyer about your rights.