A transaction arising out of or associated with a letter of credit that was issued before the effective date of this article and the rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended or repealed by this article as if repeal or amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law.
CREDIT(S)
(Apr. 9, 1997, D.C. Law 11-238, § 2, 44 DCR 923.)
HISTORICAL AND STATUTORY NOTES
Prior Codifications
1981 Ed., § 28:5-119.
Legislative History of Laws
For legislative history of D.C. Law 11-238, see Historical and Statutory Notes following § 28:5-101.