Ohio Code § 1305.05
Ohio Code § 1305.05. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1305.05.
(A) A letter of credit is issued and becomes enforceable according to its terms against
the issuer when the issuer sends or otherwise transmits it to the person requested
to advise or to the beneficiary. A letter of credit is revocable only if it so provides. (B) After a letter of credit is issued, rights and obligations of a beneficiary, applicant,
confirmer, and issuer are not affected by an amendment or cancellation to which that
person has not consented except to the extent the letter of credit provides that it
is revocable or that the issuer may amend or cancel the letter of credit without that
consent. (C) If there is no stated expiration date or other provision that determines its duration,
a letter of credit expires one year after its stated date of issuance or, if none
is stated, after the date on which it is issued. (D) A letter of credit that states that it is perpetual expires five years after its
stated date of issuance or, if none is stated, after the date on which it is issued.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1305.05
- 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 § 1305.05?
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 § 1305.05 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 § 1305.05 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Statutes are amended, repealed, and renumbered every session.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.
Can this page be used as legal advice?
No. This is a reference transcription for research. Applying Ohio law to your facts requires a licensed Ohio attorney who can review the specifics.