Source: https://codes.findlaw.com/va/title-8-5a-commercial-code-letters-of-credit/va-code-sect-8-5a-112.html
Timestamp: 2020-06-04 22:05:43
Document Index: 25929334

Matched Legal Cases: ['§ 8', '§ 8', '§ 8', '§\u20028', '§\u20028', '§ 8']

Virginia Code Title 8.5A. Commercial Code Letters of Credit § 8.5A-112 | FindLaw
§ 8.5A-112
Virginia Code Title 8.5A. Commercial Code Letters of Credit § 8.5A-112. Transfer of letter of credit
(a) Except as otherwise provided in § 8.5A-113 , unless a letter of credit provides that it is transferable, the right of a beneficiary to draw or otherwise demand performance under a letter of credit may not be transferred.
(2) the transferor or transferee has failed to comply with any requirement stated in the letter of credit or any other requirement relating to transfer imposed by the issuer which is within the standard practice referred to in § 8.5A-108(e) or is otherwise reasonable under the circumstances.
Read this complete Virginia Code Title 8.5A. Commercial Code Letters of Credit § 8.5A-112. Transfer of letter of credit on Westlaw