Ohio § 1305.11
Full text of Ohio Ohio Revised Code § 1305.11, with citation guidance and answers to common questions.
§ 1305.11.
(A) Except as otherwise provided in section 1305.12 of the Revised Code , unless a letter of credit provides that it is transferable, the right of a beneficiary
to draw or otherwise demand performance under a letter of credit may not be transferred. (B) Even if a letter of credit provides that it is transferable, the issuer may refuse
to recognize or carry out a transfer if: (1) The transfer would violate applicable law; or (2) 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 that is within the standard practice referred to in division (E) of section 1305.07 of the Revised Code or is otherwise reasonable under the circumstances.
Frequently Asked Questions About Ohio § 1305.11
What does Ohio Revised Code § 1305.11 cover?
Section 1305.11 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 1305.11?
A common citation format is "Ohio Revised Code § 1305.11" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1305.11 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.