Sec. 42a-5-118a. Applicability.
Sec. 42a-5-118a. Applicability. Public act 96-198* applies to a letter of credit that
is issued on or after October 1, 1996. Public act 96-198* does not apply to a transaction,
event, obligation or duty arising out of or associated with a letter of credit that was
issued before October 1, 1996.
(P.A. 01-132, S. 181.)
*Note: Public act 96-198 is entitled "An Act Revising Article 5 of the Uniform Commercial Code Concerning Letters
of Credit". (See Reference Table captioned "Public Acts of 1996" in Volume 16 which lists the sections amended, created
or repealed by the act.)