HB 4245: UCC: Letters of Credit
GENERAL BILL by Lawson
UCC: Letters of Credit; revises article 5 of UCC re letters of credit; provides scope, application, effect; provides for issuance, amendment, cancellation, & duration; specifies rights & obligations of confirmers, nominated persons, & advisers; provides issuer's rights & obligations; provides procedures for counteracting fraud & forgery; provides for transfers of letters of credit; provides for assignment of proceeds of letters of credit, etc. Amends FS.
Effective Date: Contingent
Last Action: 5/1/1998 House - Died, reference deferred
Bill Text: Web Page | PDF
Last Action: 5/1/1998 House - Died, reference deferred
Bill Text: Web Page | PDF
Bill History
| Date | Chamber | Action |
|---|---|---|
| 3/16/1998 | House |
• Filed |
| 3/17/1998 | House |
• Introduced -HJ 00236 |
| 5/1/1998 | House |
• Died, reference deferred |