United States — Kansas
Kansas Statutes § 84-5-110 Warranties.
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If presentation is honored, the beneficiary warrants no fraud or forgery and that the drawing does not violate relevant agreements.
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United States — Kansas Statutes
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United States — Kansas
Kansas Statutes § 84-5-111 Remedies.
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This provision sets remedies for wrongful dishonor, repudiation, or breach under a letter of credit.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-5-112 Transfer of letter of credit.
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A beneficiary generally may not transfer the right to draw or demand performance under a letter of credit unless the letter says it is transferable or another provision applies.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-5-113 Transfer by operation of law.
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A successor of a beneficiary may act in the beneficiary’s name or as a disclosed successor, and an issuer must recognize a disclosed successor if the stated requirements are met.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-5-114 Assignment of proceeds.
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A beneficiary may assign proceeds of a letter of credit, but the issuer or nominated person does not have to recognize the assignment until it consents.
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Kansas Statutes § 84-5-115 Statute of limitations.
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A lawsuit enforcing a right or obligation under this article must be filed within one year after the later of the letter of credit’s expiration or the claim’s accrual.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-5-116 Choice of law and forum.
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This provision says which law and forum control disputes and liability under an undertaking, including letters of credit.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-5-117 Subrogation of issuer, applicant and nominated person.
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The issuer, applicant, and nominated person can become subrogated to specified rights once the statute’s stated payment or honor conditions are met.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-5-118 Applicability.
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This act applies to letters of credit issued on or after the act’s effective date.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-5-119 Savings clause.
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Older letter-of-credit transactions keep being governed by the law that was amended or repealed, and may still be terminated, completed, consummated, or enforced under that law.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-101 Short title.
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This article may be cited as “uniform commercial code-documents of title.”
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-102 Definitions and index of definitions.
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This provision defines terms used in Article 7 and points to related definitions in other articles.
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Kansas Statutes § 84-7-103 Relation of article to treaty or statute.
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This article yields to applicable treaties and statutes, does not change certain bailee/document-of-title laws, and governs conflicts with the Kansas UETA. It also partly overrides the federal E-SIGN Act, except for section 101(c) and certain notices.
Treaty Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-104 Negotiable and nonnegotiable document of title.
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This provision defines when a document of title is negotiable or nonnegotiable.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-105 Reissuance in alternative medium.
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An issuer may replace an electronic document of title with a tangible one, or a tangible document with an electronic one, if the entitled person requests it and surrenders the document, and the substitute states that it is issued in substitution.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-106 Control of electronic document of title.
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This provision explains when a person is treated as having control of an electronic document of title.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-201 Person that may issue a warehouse receipt; storage under bond.
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Any warehouse may issue a warehouse receipt.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-202 Form of warehouse receipt; effect of omission.
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A warehouse receipt does not have to follow any special form, and a warehouse may add terms if they do not conflict with the Uniform Commercial Code or weaken delivery and care obligations.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-203 Liability for nonreceipt or misdescription.
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A qualifying party or good-faith purchaser may recover damages from the issuer for nonreceipt or misdescription of goods described in a document of title, unless the document clearly warns the issuer does not know the goods’ receipt or conformity, or the person already had notice.
Act or statute Open & ChatUnited States — Kansas
Kansas Statutes § 84-7-204 Duty of care; contractual limitation of warehouse's liability.
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A warehouse must take reasonable care of goods, and it can limit some liability in receipts or storage agreements, except for conversion to its own use.
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