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  • SECTION 5-118
    Security Interest of Issuer or Nominated Person
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  • ARTICLE 5
    Letters of Credit
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    Savings clause
    • This entry was published on 2014-09-22
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    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.