The Vermont Statutes Online

Title 9A: Uniform Commercial Code

Article 5: Letters of Credit


NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.


§ 101   Short title
§ 102   Definitions
§ 103   Scope
§ 104   Formal requirements
§ 105   Consideration
§ 106   Issuance, amendment, cancellation, and duration
§ 107   Confirmer, nominated person, and adviser
§ 108   Issuer's rights and obligations
§ 109   Fraud and forgery
§ 110   Warranties
§ 111   Remedies
§ 112   Transfer of letter of credit
§ 113   Transfer by operation of law
§ 114   Assignment of proceeds
§ 115   Statute of limitations
§ 116   Choice of law and forum
§ 117   Subrogation of issuer, applicant, and nominated person
§ 118   Security interest of issuer or nominated person

  • Full text of Article 5.