Legislation
SECTION 5-119
Applicability
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 5
Section 5--119. Applicability.
This article applies to a letter of credit that is issued on or after
the effective date of this article. This article does not apply to a
transaction, event, obligation, or duty arising out of or associated
with a letter of credit that was issued before the effective date of
this article.
This article applies to a letter of credit that is issued on or after
the effective date of this article. This article does not apply to a
transaction, event, obligation, or duty arising out of or associated
with a letter of credit that was issued before the effective date of
this article.