§12A-5-118. Applicability.
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Applicability.
This act applies to a letter of credit that is issued on or after January 1, 1997. This act does not apply to a transaction, event, obligation, or duty arising out of or associated with a letter of credit that was issued before January 1, 1997. Added by Laws 1996, c. 56, § 17, eff. Jan. 1, 1997.