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Uniform Commercial Code — Letters of Credit

This is the 2025 edition of the code. There is not the current edition. Browse all editions.

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

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