§ 36-3-606 — Omitted by 2008 Act 204, SECTION 2, eff July 1, 2008.

Editor's Note Former SECTION 36-3-606 was entitled "Impairment of recourse or of collateral" and was derived from 1962 Code SECTION 10.3-606; 1966 (54) 2716. Part 7 Advice of International Sight Draft [Omitted] Editor's Note 2008 Act No. 204, SECTION 4.A, provides as follows: "This act applies to a transaction occurring on or after the effective date [July 1, 2008] of this act. This act does not apply to a transaction or event, or obligation or duty arising out of or associated with a transaction or event, before the effective date of this act." 2008 Act No. 204, SECTION 4.B, provides as follows: "A transaction occurring before the effective date [July 1, 2008] of this act and the rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended or repealed by this act as if repeal or amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law."