Tennessee § 47-5-101 - Short title.

§ 47-5-101. Short title.

This article may be cited as Uniform Commercial Code — Letters of Credit. Acts 1998, ch. 675, § 1. Compiler's Notes. Official Comments in Article 5 (title 47, chapter 5): Copyright by the American Law Institute and the National Conference of Commissioners on Uniform State Laws. Reprinted with permission of the Permanent Editorial Board of the Uniform Commercial Code. 1998 Revised Article 5, §§ 47-5-101 — 47-5-117 , concerning letters of credit, and enacted by Acts 1998, ch. 675, replaces former Article 5, §§ 47-5-101 — 47-5-118 (Acts 1963, ch. 81, § 1 (5-101 — 5-117); 1984, ch. 572, § 1; 1985, ch. 404, § 4; 1986, ch. 737, § 54; 1997, ch. 79, § 18), concerning letters of credit, effective July 1, 1998. Law Reviews. “Fraud in the Transaction”: Intraworld Comes of Age in Itek (Jimmy L. Verner, Jr.), 14 Mem. St. U.L. Rev. 153 (1984). Comparative Legislation. Uniform Commercial Code — Letters of Credit: Ala. Code § 7-5-101 et seq. Ark. Code § 4-5-101 et seq. Ga. O.C.G.A. § 11-5-101 et seq. Ky. Rev. Stat. Ann. § 355.5-101 et seq. Miss. Code Ann. § 75-5-101 et seq. Mo. Rev. Stat. § 400.5-101 et seq. N.C. Gen. Stat. § 25-5-101 et seq. Va. Code § 8.5-101 et seq. Cited: Bossier Bank & Trust Co. v. Union Planters Nat'l Bank, 550 F.2d 1077, 1977 U.S. App. LEXIS 14419 (6th Cir. Tenn. 1977); Banco Continental v. First Nat'l Bank, 100 F.R.D. 426, 1983 U.S. Dist. LEXIS 10575, 76 A.L.R. Fed. 541 (E.D. Tenn. 1983). Collateral References. 15A Am. Jur. 2d Commercial Code § 1 et seq. Applicability of waiver or estoppel to preclude claim of nonconformance of documents as ground for dishonor of presentment under letter of credit under UCC § 5-114. 53 A.L.R.5th 667. Construction and effect of UCC Art. 5, dealing with letters of credit. 35 A.L.R.3d 1404, 8 A.L.R.5th 463, 13 A.L.R.5th 465. Validity, construction, and application of the Uniform Customs and Practice for Documentary Credits (UCP). 56 A.L.R.5th 565.