Oregon Law
Law as of Jan 1, 2026
Chapter contents
75.1010Short title 75.1020Definitions 75.1030Application of chapter 75.1040Formal requirements 75.1050Consideration 75.1060Issuance, amendment, cancellation and duration 75.1070Confirmer, nominated person and adviser 75.1080Issuer’s rights and obligations 75.1090Fraud and forgery 75.1100Warranties 75.1110Remedies 75.1120Transfer of letter of credit 75.1130Successor of beneficiary 75.1140Assignment of proceeds 75.1150Statute of limitations 75.1160Choice of law and forum 75.1170Subrogation of issuer, applicant and nominated person 75.1180Security interest of issuer or nominated person

Chapter 75 — Letters of Credit

ORS 75.1050 Consideration

Consideration is not required to issue, amend, transfer or cancel a letter of credit, advice or confirmation.

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Version history

Prior statutory text is not available in the ingested published editions. Consult an earlier official ORS edition or the cited Oregon Laws chapter.