Formal Requirements.
A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form that is a record and is authenticated:
(1)By a signature; or
(2)In accordance with the agreement of the parties or the standard practice referred to in subsection (e) of Section 5-108 of this title.
Added by Laws 1961, p. 133, § 5-104. Amended by Laws 1996, c. 56, § 3, eff. Jan. 1, 1997.
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