Montana Code Annotated 1997

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Table of Contents


TITLE 30. TRADE AND COMMERCE
CHAPTER 5. UNIFORM COMMERCIAL CODE LETTERS OF CREDIT

Part 1. Letters of Credit

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30-5-101. Short title.
30-5-102. through 30-5-117.
30-5-103. Definitions.
30-5-104. Formal requirement -- signing.
30-5-105. Consideration.
30-5-106. Time and effect of establishment of credit.
30-5-107. Advice of credit -- confirmation -- error in statement of terms.
30-5-108. "Notation credit" -- exhaustion of credit.
30-5-109. Issuer's obligation to its customer.
30-5-110. Availability of credit in portions -- presenter's reservation of lien or claim.
30-5-111. Warranties on transfer and presentment.
30-5-112. Time allowed for honor or rejection -- withholding honor or rejection by consent -- "presenter".
30-5-113. Indemnities.
30-5-114. Issuer's duty and privilege to honor -- right to reimbursement.
30-5-115. Remedy for improper dishonor or anticipatory repudiation.
30-5-116. Transfer and assignment.
30-5-117. Insolvency of bank holding funds for documentary credit.
30-5-118. through 30-5-121 reserved.
30-5-122. Definitions.
30-5-123. Scope.
30-5-124. Formal requirements.
30-5-125. Consideration.
30-5-126. Issuance, amendment, cancellation, and duration.
30-5-127. Confirmer, nominated person, and adviser.
30-5-128. Issuer's rights and obligations.
30-5-129. Fraud and forgery.
30-5-130. Warranties.
30-5-131. Remedies.
30-5-132. Transfer of letter of credit.
30-5-133. Transfer by operation of law.
30-5-134. Assignment of proceeds.
30-5-135. Statute of limitations.
30-5-136. Choice of law and forum.
30-5-137. Subrogation of issuer, applicant, and nominated person.