{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-5-107","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-5-107","heading":"Confirmer, Nominated Person, and Adviser","body":"Confirmer, Nominated Person, and Adviser.\n\n(a) A confirmer is directly obligated on a letter of credit and\n\nhas the rights and obligations of an issuer to the extent of its\n\nconfirmation. The confirmer also has rights against and obligations\n\nto the issuer as if the issuer were an applicant and the confirmer\n\nhad issued the letter of credit at the request and for the account\n\nof the issuer.\n\n(b) A nominated person who is not a confirmer is not obligated\n\nto honor or otherwise give value for a presentation.\n\n(c) A person requested to advise may decline to act as an\n\nadviser. An adviser that is not a confirmer is not obligated to\n\nhonor or give value for a presentation. An adviser undertakes to\n\nthe issuer and to the beneficiary accurately to advise the terms of\n\nthe letter of credit, confirmation, amendment, or advice received by\n\nthat person and undertakes to the beneficiary to check the apparent\n\nauthenticity of the request to advise. Even if the advice is\n\ninaccurate, the letter of credit, confirmation, or amendment is\n\nenforceable as issued.\n\n(d) A person who notifies a transferee beneficiary of the terms\n\nof a letter of credit, confirmation, amendment, or advice has the\n\nrights and obligations of an adviser under subsection (c) of this\n\nsection. The terms in the notice to the transferee beneficiary may\n\ndiffer from the terms in any notice to the transferor beneficiary to\n\nthe extent permitted by the letter of credit, confirmation,\n\namendment, or advice received by the person who so notifies.","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":"d2ca461ca024c1120fea12a5e319bb8316047d148165b1b71a20ec732065946c","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-5-106","next":"us-ok/okla.-stat.-tit.-12a-12a-5-108"},"notice":"GroundRules: Original legal text. Not legal advice."}