Virginia Statutes
§ 8.5A-105 — Consideration
Virginia § 8.5A-105
JurisdictionVirginia
Title 8.5AUNIFORM COMMERCIAL CODE — LETTERS OF CREDIT
This text of Virginia § 8.5A-105 (Consideration) 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. § 8.5A-105 (2026).
Text
Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation.
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Legislative History
1997, c. 343.
Nearby Sections
15
§ 8.5A-101
Short title§ 8.5A-102
Definitions§ 8.5A-103
Scope§ 8.5A-104
Formal requirements§ 8.5A-105
Consideration§ 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 limitationsCite This Page — Counsel Stack
Bluebook (online)
Virginia § 8.5A-105, Counsel Stack Legal Research, https://law.counselstack.com/statute/va/8.5A/8.5A-105.