{"data":{"id":"us-ok/okla.-stat.-tit.-12a-12a-5-112","jurisdiction":"us-ok","citation":"Okla. Stat. tit. 12A, § 12A-5-112","heading":"Transfer of Letter of Credit","body":"Transfer of Letter of Credit.\n\n(a) Except as otherwise provided in Section 5-113 of this\n\ntitle, unless a letter of credit provides that it is transferable,\n\nthe right of a beneficiary to draw or otherwise demand performance\n\nunder a letter of credit may not be transferred.\n\n(b) Even if a letter of credit provides that it is\n\ntransferable, the issuer may refuse to recognize or carry out a\n\ntransfer if:\n\n(1) The transfer would violate applicable law; or\n\n(2) The transferor or transferee has failed to comply with\n\nany requirement stated in the letter of credit or any\n\nother requirement relating to transfer imposed by the\n\nissuer which is within the standard practice referred\n\nto in subsection (e) of Section 5-108 of this title or\n\nis otherwise reasonable under the circumstances.","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":"6051754bb373861324c5d834a4ec67a6726059ade9120547ac947866955454ba","source_id":"us-ok","stale":false,"prev":"us-ok/okla.-stat.-tit.-12a-12a-5-111","next":"us-ok/okla.-stat.-tit.-12a-12a-5-113"},"notice":"GroundRules: Original legal text. Not legal advice."}