Mo. Rev. Stat. § 400.5-106
Issuance, amendment, cancellation and duration
Missouri · Revised Statutes of Missouri Chapter 400 — Uniform Commercial Code · Status: effective · Effective 1997-08-28
Cite this
- Citation
- Mo. Rev. Stat. § 400.5-106, Issuance, amendment, cancellation and duration, Missouri, version 1 as recorded 2026-09-29, yourstate.us, https://yourstate.us/provision/1815112
- Permanent ID
ys:prov:1815112@1- SHA-256
6c357c9ea0b7b26c4325962507ee3c2a93eb9d0dc893ad3fad420a7f02b33beb
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A letter of credit is issued and becomes enforceable according to its terms against the issuer when the issuer sends or otherwise transmits it to the person requested to advise or to the beneficiary. A letter of credit is revocable only if it so provides.
(b) After a letter of credit is issued, rights and obligations of a beneficiary, applicant, confirmer and issuer are not affected by an amendment or cancellation to which that person has not consented except to the extent the letter of credit provides that it is revocable or that the issuer may amend or cancel the letter of credit without that consent.
(c) If there is no stated expiration date or other provision that determines its duration, a letter of credit expires one year after its stated date of issuance or, if none is stated, after the date on which it is issued.
(d) A letter of credit that states that it is perpetual expires five years after its stated date of issuance, or if none is stated, after the date on which it is issued.