Rhode Island § 6A-5-119 § 6A-5-119. Transition.

Rhode Island Statutes

§ 6A-5-119 — § 6A-5-119. Transition.

Rhode Island·Title 6A Uniform Commercial Code·Ch. 6A-5 Letters of Credit

§ 6A-5-119. Transition.
This chapter shall take effect on July 1, 2001 and applies to a letter of credit that
            is issued on or after the effective date of this chapter. This chapter 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 chapter. A transaction
            arising out of or associated with a letter of credit that was issued before the effective
            date of this chapter and the rights, obligations, and interests flowing from that
            transaction are governed by any statute or other law amended or repealed by this chapter
            as if repeal or a

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§ 6A-5-119. Transition.

This chapter shall take effect on July 1, 2001 and applies to a letter of credit that is issued on or after the effective date of this chapter. This chapter 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 chapter. A transaction arising out of or associated with a letter of credit that was issued before the effective date of this chapter and the rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended or repealed by this chapter as if repeal or amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law.

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