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REVISED ARTICLE 5 [i] (COUNCIL DRAFT, October 4, 1994)

handle is hein.ali/alicc0239 and id is 1 raw text is: This document, as of the date it was printed, had not been considered by the Council or membership of The American Law Institute, and therefore does not represent the position of the Institute on an), of the issues with which it deals. The American Law Institute UNIFORM COMMERCIAL CODE REVISED ARTICLE 5 LETTERS OF CREDIT Council Draft (October 4, 1994) Submitted to the Meeting of the Council of The American Law Institute on October 20 (at 10:00 a.m.) and 21, 1994, at the ALI Conference Center, 4025 Chestnut Street, Philadelphia, Pennsylvania. This Draft is scheduled for discussion on Friday, October 21, at 2:00 p.m. TE EXECUTIVE OFFICE Th1E AMERICAN LAW INSTITUTE 4025 Chestnut Street Philadelphia Pennsylvania 19104-3099 NATIONAL CONFERENCE OF COMMISSIONERS ON UNIFORM STATE LAWS 676 North St. Clair Street Suite 1700 Chicago, Illinois 60611