A letter of credit, confirmation, advice, transfer, amendment, or cancellation may be issued in any form that is a record and is authenticated by a signature or in accordance with the agreement of the parties or the standard practice referred to in division (E) of section 1305.07 of the Revised Code.
Ohio Rev. Code Ann. § 1305.03
Formal requirements - UCC 5-104
Applied in 2 court decisions — leading case Navidea Biopharmaceuticals, Inc. v. Capital Royalty Partners II, L.P. (2021)
Most recently applied in Navidea Biopharmaceuticals, Inc. v. Capital Royalty Partners II, L.P. (March 2021)
Effective: July 1, 1998; Latest Legislation: House Bill 338 - 122nd General Assembly
Official source: Ohio Laws & Administrative Rules (Legislative Service Commission). Reproduced from public-domain Ohio statutes; confirm against the official source for the current text. Not legal advice.