Uniform Commercial Code -- Letters Of Credit
This is Title 8.5A of the Code of Virginia, titled “Uniform Commercial Code -- Letters Of Credit.” It’s comprised of the following 19 sections.
- § 8.5a-101
- Short title
- § 8.5a-102
- Definitions
- § 8.5a-103
- Scope
- § 8.5a-104
- Formal requirements
- § 8.5a-105
- Consideration
- § 8.5a-106
- Issuance, amendment, cancellation, and duration
- § 8.5a-107
- Confirmer, nominated person, and adviser
- § 8.5a-108
- Issuer's rights and obligations
- § 8.5a-109
- Fraud and forgery
- § 8.5a-110
- Warranties
- § 8.5a-111
- Remedies
- § 8.5a-112
- Transfer of letter of credit
- § 8.5a-113
- Transfer by operation of law
- § 8.5a-114
- Assignment of proceeds
- § 8.5a-115
- Statute of limitations
- § 8.5a-116
- Choice of law and forum
- § 8.5a-117
- Subrogation of issuer, applicant, and nominated person
- § 8.5a-117.1
- Security interest of issuer or nominated person
- § 8.5a-118
- Applicability