Oregon Statutes 75.1050 – Consideration
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Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation. [1961 c.726 § 75.1050; 1997 c.150 § 8]
Terms Used In Oregon Statutes 75.1050
- Letter of credit: means a definite undertaking that satisfies the requirements of ORS § 75. See Oregon Statutes 75.1020