For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

LETTERS OF CREDIT

M.G.L. c. 106, § Article 5
in effect
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c. 106, § Article 5. LETTERS OF CREDIT Section 5-101 Short Title Section 5-102 Definitions Section 5-103 Scope Section 5-104 Formal Requirements Section 5-105 Consideration Section 5-106 Issuance, Amendment, Cancellation, and Duration Section 5-107 Confirmer, Nominated Person, and Adviser Section 5-108 Issuer's Rights and Obligations Section 5-109 Fraud and Forgery Section 5-110 Warranties Section 5-111 Remedies Section 5-112 Transfer of Letter of Credit Section 5-113 Transfer by Operation of Law Section 5-114 Assignment of Proceeds Section 5-115 Statute of Limitations Section 5-116 Choice of Law and Forum Section 5-117 Subrogation of Issuer, Applicant, and Nominated Person Section 5-118 Security Interest of Issuer or Nominated Person
Source: Massachusetts General Court (malegislature.gov)URL: https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Article5Fetched: 10/20/2026

Starting a business in Massachusetts? Massachusetts LLC guide: costs and requirements