Mississippi Code
Chapter 5 - Uniform Commercial Code-Revised Article 5. Letters of Credit
§ 75-5-112. Transfer of letter of credit

Except as otherwise provided in Section 75-5-113, unless a letter of credit provides that it is transferable, the right of a beneficiary to draw or otherwise demand performance under a letter of credit may not be transferred.
Even if a letter of credit provides that it is transferable, the issuer may refuse to recognize or carry out a transfer if:

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