The Vermont Statutes Online
The Statutes below include the actions of the 2024 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 9A: Uniform Commercial Code
Article 005: Letters of Credit
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§§ 5-101. Short title
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§§ 5-102. Definitions
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§§ 5-103. Scope
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§§ 5-104. Formal requirements
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§§ 5-105. Consideration
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§§ 5-106. Issuance, amendment, cancellation, and duration
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§§ 5-107. Confirmer, nominated person, and adviser
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§§ 5-108. Issuer's rights and obligations
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§§ 5-109. Fraud and forgery
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§§ 5-110. Warranties
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§§ 5-111. Remedies
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§§ 5-112. Transfer of letter of credit
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§§ 5-113. Transfer by operation of law
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§§ 5-114. Assignment of proceeds
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§§ 5-115. Statute of limitations
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§§ 5-116. Choice of law and forum
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§§ 5-117. Subrogation of issuer, applicant, and nominated person
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§§ 5-118. Security interest of issuer or nominated person