Ohio Code § 1305.06
Ohio Code § 1305.06. Reproduced from the official Ohio Revised Code, with a citation summary, verification link, and related provisions.
§ 1305.06.
(A) A confirmer is directly obligated on a letter of credit and has the rights and obligations
of an issuer to the extent of its confirmation. The confirmer also has rights against and obligations to the issuer as if the issuer
were an applicant and the confirmer had issued the letter of credit at the request
and for the account of the issuer. (B) A nominated person who is not a confirmer is not obligated to honor or otherwise
give value for a presentation. (C) A person requested to advise may decline to act as an adviser. An adviser that is not a confirmer is not obligated to honor or give value for a
presentation. An adviser undertakes to the issuer and to the beneficiary accurately to advise
the terms of the letter of credit, confirmation, amendment, or advice received by
that person and undertakes to the beneficiary to check the apparent authenticity of
the request to advise. Even if the advice is inaccurate, the letter of credit, confirmation, or amendment
is enforceable as issued. (D) A person who notifies a transferee beneficiary of the terms of a letter of credit,
confirmation, amendment, or advice has the rights and obligations of an adviser under
division (C) of this section. The terms in the notice to the transferee beneficiary may differ from the terms
in any notice to the transferor beneficiary to the extent permitted by the letter
of credit, confirmation, amendment, or advice received by the person who so notifies.
Source: official Ohio text · Last verified 2026-08-27
At a glance
- Citation: Ohio Revised Code § 1305.06
- 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 § 1305.06?
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 § 1305.06 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 § 1305.06 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.