Virginia Statutes
§ 59.1-505.9 — Financing arrangements; obligations irrevocable
Virginia § 59.1-505.9
JurisdictionVirginia
Title 59.1TRADE AND COMMERCE
Ch. 43UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT
Art. 5TRANSFER OF INTERESTS AND RIGHTS
This text of Virginia § 59.1-505.9 (Financing arrangements; obligations irrevocable) is published on Counsel Stack Legal Research, covering Virginia primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Va. Code Ann. § 59.1-505.9 (2026).
Text
Unless the accommodated licensee is a consumer, a term in a financial accommodation contract providing that the accommodated licensee's obligations to the financier are irrevocable and independent is enforceable. The obligations become irrevocable and independent upon the licensee's acceptance of the license or the financier's giving of value, whichever occurs first.
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Legislative History
2000, cc. 101, 996.
Nearby Sections
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§ 59.1-1
Repealed§ 59.1-10
Repealed§ 59.1-100
Trial on appeal§ 59.1-102.1
Repealed§ 59.1-104
Repealed§ 59.1-108
Who are timber dealersCite This Page — Counsel Stack
Bluebook (online)
Virginia § 59.1-505.9, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/59.1/59.1-505.9.