Public.Law logo NewYork.Public.Law
  • Laws of New York
  • Remove ads
  • Login
  1. Home
  2. Laws
  3. Unif. Commercial Code Law
  4. Art. 5

Article 5
Letters of Credit

Sections

5‑101
Short title
5‑102
Definitions
5‑103
Scope
5‑104
Formal requirements
5‑105
Consideration
5‑106
Issuance, amendment, cancellation, and duration
5‑107
Confirmer, nominated person, and advisor
5‑108
Issuer's rights and obligations
5‑109
Fraud and forgery
5‑110
Warranties
5‑111
Remedies
5‑112
Transfer of letter of credit
5‑113
Transfer by operation of law
5‑114
Assignment of proceeds
5‑115
Statute of limitations
5‑116
Choice of law and forum
5‑117
Subrogation of issuer, applicant, and nominated person
5‑118
Security Interest of Issuer or Nominated Person
5‑119
Applicability
5‑120
Savings clause
 



Stay Connected

Join thousands of people who receive monthly site updates.

Subscribe

Instagram Facebook Twitter Our GitHub Page

Get Legal Help

The New York State Bar Association runs a service for finding an attorney in good standing. Initial consultations are usually free or discounted: Lawyer Referral Service

Committed to Public Service

We will always provide free access to the current law. In addition, we provide special support for non-profit, educational, and government users. Through social entre­pre­neurship, we’re lowering the cost of legal services and increasing citizen access.

Navigate

  • Find a Lawyer
  • Blog
  • About Us
  • Contact Us
  • Reports
  • Secondary Sources
California: Codes
Colorado: C.R.S.
Nevada: NRS
New York: Laws
Oregon: OAR, ORS
Texas: Statutes
World: Rome Statute, International Dictionary

Location: https://newyork.public.law/laws/n.y._uniform_commercial_code_law_article_5

Blank Outline Levels

The legislature occasionally skips outline levels. For example:

(3) A person may apply [...]
(4)(a) A person petitioning for relief [...]

In this example, (3), (4), and (4)(a) are all outline levels, but (4) was omitted by its authors. It's only implied. This presents an interesting challenge when laying out the text. We've decided to display a blank section with this note, in order to aide readability.

Trust but verify.

Do you have an opinion about this solution? Drop us a line.