Nevada § 104.5112 - Transfer of letter of credit
Full text of Nevada Nevada Revised Statutes § 104.5112 — Transfer of letter of credit, with citation guidance and answers to common questions.
§ 104.5112. Transfer of letter of credit
1. Except as otherwise provided in NRS 104.5113 , unless a letter of credit provides that it is transferable, the right of a beneficiary
to draw or otherwise demand performance under the letter of credit may not be transferred. 2. Even if a letter of credit provides that it is transferable, the issuer may refuse
to recognize or carry out a transfer if: (a) The transfer would violate applicable law; or (b) The transferor or transferee has failed to comply with any requirement stated
in the letter of credit or any other requirement relating to transfer imposed by the
issuer which is within the standard practice referred to in subsection 5 of NRS 104.5108 or is otherwise reasonable under the circumstances.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 104.5112
What does Nevada Revised Statutes § 104.5112 cover?
Section 104.5112 ("Transfer of letter of credit") 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 § 104.5112?
A common citation format is "Nevada Revised Statutes § 104.5112" (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 § 104.5112 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.