Colorado § 4-5-119 Saving clause

Colorado Statutes

§ 4-5-119 — Saving clause

Colorado § 4-5-119

Title 04Uniform

Art.Letters of Credit

This text of Colorado § 4-5-119 (Saving clause) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-5-119 (2026).

Text

A transaction arising out of or associated with a
letter of credit that was issued before July 1, 1996, and the rights, obligations, and
interests flowing from that transaction are governed by any statute or other law
amended or repealed when this article was enacted as if repeal or amendment had
not occurred and may be terminated, completed, consummated, or enforced under
that statute or other law.

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A transaction arising out of or associated with a
letter of credit that was issued before July 1, 1996, and the rights, obligations, and
interests flowing from that transaction are governed by any statute or other law
amended or repealed when this article was enacted as if repeal or amendment had
not occurred and may be terminated, completed, consummated, or enforced under
that statute or other law.