{"data":{"id":"us-ky/krs-355.5-112","jurisdiction":"us-ky","citation":"KRS 355.5-112","heading":"Transfer of letter of credit.","body":"If a letter of credit is transferable, the issuer may refuse to recognize or carry out a\ntransfer if:\n(1) The transfer would violate applicable law; or\n(2) The transferor or transferee has failed to comply with any requirement stated in the\nletter of credi t or any other requirement relating to transfer imposed by the issuer\nwhich is within the standard practice referred to in KRS 355.5 -108(5) or is\notherwise reasonable under the circumstances.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33604","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:45Z","sha256":"f0b0ecdda44e1abce6bf252e24fe19a4515387aa0e36f483c344442703899a1c","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.5-111","next":"us-ky/krs-355.5-113"},"notice":"GroundRules: Original legal text. Not legal advice."}