70A-5-120 - Savings clause.
70A-5-120. Savings clause.
A transaction arising out of or associated with a letter of credit that was issued before July1, 1997, and the rights, obligations, and interests flowing from that transaction are governed byany statute or other law amended or repealed by this act as if repeal or amendment had notoccurred and may be terminated, completed, consummated, or enforced under that statute or otherlaw.
Enacted by Chapter 252, 2000 General Session