Vermont Statutes
Title 9A - Uniform Commercial Code
Article 5 - Letters of Credit

§ 5—101. Short title - § 5—101. Short title This article may be cited as...

§ 5—102. Definitions - § 5—102. Definitions (a) In this article: (1) “Adviser” means...

§ 5—103. Scope - § 5—103. Scope (a) This article applies to letters of...

§ 5—104. Formal requirements - § 5—104. Formal requirements A letter of credit, confirmation, advice,...

§ 5—105. Consideration - § 5—105. Consideration Consideration is not required to issue, amend,...

§ 5—106. Issuance, amendment, cancellation, and duration - § 5—106. Issuance, amendment, cancellation, and duration (a) A letter...

§ 5—107. Confirmer, nominated person, and adviser - § 5—107. Confirmer, nominated person, and adviser (a) A confirmer...

§ 5—108. Issuer’s rights and obligations - § 5—108. Issuer’s rights and obligations (a) Except as otherwise...

§ 5—109. Fraud and forgery - § 5—109. Fraud and forgery (a) If a presentation is...

§ 5—110. Warranties - § 5—110. Warranties (a) If its presentation is honored, the...

§ 5—111. Remedies - § 5—111. Remedies (a) If an issuer wrongfully dishonors or...

§ 5—112. Transfer of letter of credit - § 5—112. Transfer of letter of credit (a) Except as...

§ 5—113. Transfer by operation of law - § 5—113. Transfer by operation of law (a) A successor...

§ 5—114. Assignment of proceeds - § 5—114. Assignment of proceeds (a) In this section, “proceeds...

§ 5—115. Statute of limitations - § 5—115. Statute of limitations An action to enforce a...

§ 5—116. Choice of law and forum - § 5—116. Choice of law and forum (a) The liability...

§ 5—117. Subrogation of issuer, applicant, and nominated person - § 5—117. Subrogation of issuer, applicant, and nominated person (a)...

§ 5—118. Security interest of issuer or nominated person - § 5—118. Security interest of issuer or nominated person (a)...