Ohio Code § 1305.15
Ohio Code § 1305.15. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1305.15.
(A) The liability of an issuer, nominated person, or adviser for action or omission is
governed by the law of the jurisdiction chosen by an agreement in the form of a record
signed or otherwise authenticated by the affected parties in the manner provided in section 1305.03 of the Revised Code or by a provision in the person's letter of credit, confirmation, or other undertaking. The jurisdiction whose law is chosen need not bear any relation to the transaction. (B) Unless division (A) of this section applies, the liability of an issuer, nominated
person, or adviser for action or omission is governed by the law of the jurisdiction
in which the person is located. The person is considered to be located at the address indicated in the person's
undertaking. If more than one address is indicated, the person is considered to be located at
the address from which the person's undertaking was issued. For the purpose of jurisdiction, choice of law, and recognition of interbranch letters
of credit, but not enforcement of a judgment, all branches of a bank are considered
separate juridical entities and a bank is considered to be located at the place where
its relevant branch is considered to be located under this division. (C) Except as otherwise provided in this division, the liability of an issuer, nominated
person, or adviser is governed by any rules of custom or practice, such as the uniform
customs and practice for documentary credits, to which the letter of credit, confirmation,
or other undertaking is expressly made subject. If (1) this chapter would govern the liability of an issuer, nominated person, or
adviser under division (A) or (B) of this section, (2) the relevant undertaking incorporates
rules of custom or practice, and (3) there is conflict between this chapter and those
rules as applied to that undertaking, those rules govern except to the extent of any
conflict with the nonvariable provisions specified in division (C) of section 1305.02 of the Revised Code . (D) If there is conflict between this chapter and Chapter 1303., 1304., or 1309. of the
Revised Code, this chapter governs. (E) The forum for settling disputes arising out of an undertaking within this chapter
may be chosen in the manner and with the binding effect that governing law may be
chosen in accordance with division (A) of this section.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1305.15
- Jurisdiction: Ohio
- Code: Ohio Revised Code
- Text: transcribed from the official source (verify below)
Verify the text
Statute text is transcribed from the official Ohio Revised Code. Confirm it against the primary source before relying on it:
Not legal advice. Verify against the official source and consult a licensed Ohio attorney.
Common questions
What is the source of Ohio Revised Code § 1305.15?
The text above is transcribed from the Ohio Revised Code, the codified statutes of Ohio. The official publisher link appears under "Verify the text" on this page.
What subject does Ohio Revised Code § 1305.15 address?
It addresses the rule set out in the section text. Read the section together with the surrounding provisions listed under "Nearby provisions" for the full picture.
Is Ohio Revised Code § 1305.15 still in force?
Statutes are amended, repealed, and renumbered every session. Confirm the current version at the official Ohio source before relying on this text.
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