62A.5-1013 - Applicability--Transition provision.

Applicability — Transition provision.

Chapter 56, Laws of 1997 applies to a letter of credit that is issued on or after July 27, 1997. Chapter 56, Laws of 1997 does not apply to a transaction, event, obligation, or duty arising out of or associated with a letter of credit that was issued before July 27, 1997.

[1997 c 56 § 1.]