Exhibit 5.0
 
LECLAIRRYAN
A PROFESSIONAL CORPORATION
ATTORNEYS AT LAW
 
707 EAST MAIN STREET, ELEVENTH FLOOR
RICHMOND, VIRGINIA 23219
 

 
(804) 783-2003
www.leclairryan.com
 
 
December 19, 2002
 
Board of Directors
Union Bankshares Corporation
212 N. Main Street
Bowling Green, Virginia 22427
 
Registration Statement on Form S-3
 
Gentlemen:
 
We have acted as counsel to Union Bankshares Corporation, a Virginia corporation (the “Company”), in connection with the preparation and filing of the Company’s registration statement on Form S-3 (the “Registration Statement”), as filed with the Securities and Exchange Commission (the “Commission”) today pursuant to the Securities Act of 1933, as amended (the “Act”).
 
The Registration Statement registers 54,435 shares (the “Shares”) of the Company’s common stock, $2.00 par value per share (the “Common Stock”), for resale by certain shareholders of the Company who acquired the Shares pursuant to an exemption from the registration requirements contained in Section 5 of the Act.
 
In connection with this opinion, we have examined (a) the Registration Statement and the prospectus contained therein, (b) the Company’s Articles of Incorporation and Bylaws, both as amended to date, and (c) originals, or copies certified or otherwise identified to our satisfaction, of such other records, documents, certificates, memoranda and instruments as in our judgment are necessary or appropriate to enable us to render the opinions expressed below (collectively, the “Documents”).
 
 
 

  ALEXANDRIA  •  BLACKSBURG  •  CHARLOTTESVILLE  •  NORFOLK  •  RICHMOND  •  ROANOKE   •  WASHINGTON


 
Union Bankshares Corporation
December 19, 2002
Page 2
 
 
We are relying without any independent investigation thereof upon the truth and accuracy of all statements, covenants, representations and warranties set forth in the Documents.
 
On the basis of the foregoing, and in reliance thereon, we are of the opinion that the Shares have been duly authorized, and are duly and validly issued, fully paid and nonassessable shares of Common Stock of the Company.
 
We consent to the filing of this opinion with the Commission as an exhibit to the Registration Statement. We further consent to the reference to us under the caption “Legal Matters” in the prospectus constituting a part of the Registration Statement. In giving this consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Act or that we are “experts” within the meaning of the Act or the rules and regulations of the Commission promulgated thereunder.
 
Very truly yours,
 
/s/    LECLAIR RYAN, A Professional Corporation
 
 
 
 
 
 
 
 

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