Nevada § 104.5107 - Confirmer, nominated person and adviser
Full text of Nevada Nevada Revised Statutes § 104.5107 — Confirmer, nominated person and adviser, with citation guidance and answers to common questions.
§ 104.5107. Confirmer, nominated person and adviser
1. A confirmer is directly obligated on a letter of credit and has the rights and
obligations of an issuer to the extent of its confirmation. The confirmer also has rights against and obligations to the issuer as if the issuer
were an applicant and the confirmer had issued the letter of credit at the request
and for the account of the issuer. 2. A nominated person who is not a confirmer is not obligated to honor or otherwise
give value for a presentation. 3. A person requested to advise may decline to act as an adviser. An adviser that is not a confirmer is not obligated to honor or give value for a presentation.
An adviser undertakes to the issuer and to the beneficiary accurately to advise the
terms of the letter of credit, confirmation, amendment or advice received by the adviser
and undertakes to the beneficiary to check the apparent authenticity of the request
to advise. Even if the advice is inaccurate, the letter of credit, confirmation or amendment
is enforceable as issued. 4. A person who notifies a transferee beneficiary of the terms of a letter of credit,
confirmation, amendment or advice has the rights and obligations of an adviser under
subsection 3. The terms in the notice to the transferee beneficiary may differ from
the terms in any notice to the transferor beneficiary to the extent permitted by the
letter of credit, confirmation, amendment or advice received by the person who so
notifies.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 104.5107
What does Nevada Revised Statutes § 104.5107 cover?
Section 104.5107 ("Confirmer, nominated person and adviser") 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 § 104.5107?
A common citation format is "Nevada Revised Statutes § 104.5107" (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 § 104.5107 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.