{"data":{"id":"us-dc/d.c.-code-28-5-112","jurisdiction":"us-dc","citation":"D.C. Code § 28:5-112","heading":"Transfer of letter of credit.","body":"(a)\nExcept as otherwise provided in § 28:5-113, 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.\n\n(b)\nEven if a letter of credit provides that it is transferable, the issuer may refuse to recognize or carry out a transfer if:\n(1)\nThe transfer would violate applicable law; or\n(2)\nThe 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 § 28:5-108(e) or is otherwise reasonable under the circumstances.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 5. Letters of Credit."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:5-112","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"94b86fe6368f8adae3de13a66982b303030d5d41096deff484231ed43597d1a9","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-5-111","next":"us-dc/d.c.-code-28-5-113"},"notice":"GroundRules: Original legal text. Not legal advice."}