{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-5-106","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-5-106","heading":"Issuance, Amendment, Cancellation, and Duration","body":"Issuance, Amendment, Cancellation, and Duration.\n\n(a) A letter of credit is issued and becomes enforceable\n\naccording to its terms against the issuer when the issuer sends or\n\notherwise transmits it to the person requested to advise or to the\n\nbeneficiary. A letter of credit is revocable only if it so\n\nprovides.\n\n(b) After a letter of credit is issued, rights and obligations\n\nof a beneficiary, applicant, confirmer, and issuer are not affected\n\nby an amendment or cancellation to which that person has not\n\nconsented except to the extent the letter of credit provides that it\n\nis revocable or that the issuer may amend or cancel the letter of\n\ncredit without that consent.\n\n(c) If there is no stated expiration date or other provision\n\nthat determines its duration, a letter of credit expires one (1)\n\nyear after its stated date of issuance or, if none is stated, after\n\nthe date on which it is issued.\n\n(d) A letter of credit that states that it is perpetual expires\n\nfive (5) years after its stated date of issuance, or if none is\n\nstated, after the date on which it is issued.","path":["OK Code","Title 12A"],"source_url":"https://www.oklegislature.gov/OK_Statutes/CompleteTitles/os12A.pdf","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:36Z","sha256":"55820a12f865b5f529f340b0c0bf00bfccbd4003da02bf20e41cd05988f9d0e0","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-5-105","next":"us-ok/okla.-stat.-tit.-12a-12a-5-107"},"notice":"GroundRules: Original legal text. Not legal advice."}