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Can you summarize VACV 8.5A-105?

Uniform Commercial Code Letters of Credit > Consideration

October 2, 2023

Short Summary

Consideration is not required to issue, amend, transfer, or cancel a letter of credit, advice, or confirmation. 1997, c. 343.

Jurisdiction

Virginia

Source

VACV 8.5A-105 [https://reggi.cloud.regology.com/regulations/US-VACV/US-VACV_T_8.5A_S_105]

Banking

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