Nevada § 104.5103 - Scope
Full text of Nevada Nevada Revised Statutes § 104.5103 — Scope, with citation guidance and answers to common questions.
§ 104.5103. Scope
1. This Article applies to letters of credit and to certain rights and obligations
arising out of transactions involving letters of credit. 2. The statement of a rule in this Article does not by itself require, imply or negate
application of the same or a different rule to a situation not provided for, or to
a person not specified, in this Article. 3. Except as otherwise provided in this subsection, subsections 1 and 4 of this section,
paragraphs (i) and (j) of subsection 1 of NRS 104.5102, subsection 4 of NRS 104.5106 and subsection 4 of NRS 104.5114 , and except to the extent prohibited in NRS 104.1302 and subsection 4 of NRS 104.5117 , the effect of this Article may be varied by agreement or by a provision stated or
incorporated by reference in an undertaking. A term in an agreement or undertaking generally excusing liability or generally
limiting remedies for failure to perform obligations is not sufficient to vary obligations
prescribed by this Article. 4. Rights and obligations of an issuer to a beneficiary or a nominated person under
a letter of credit are independent of the existence, performance or nonperformance
of a contract or arrangement out of which the letter of credit arises or which underlies
it, including contracts or arrangements between the issuer and the applicant and between
the applicant and the beneficiary.
Frequently Asked Questions About Nevada § 104.5103
What does Nevada Revised Statutes § 104.5103 cover?
Section 104.5103 ("Scope") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 104.5103?
A common citation format is "Nevada Revised Statutes § 104.5103" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 104.5103 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.