Sec. 42a-5-118a. Applicability. - Connecticut Statutes

      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 (See Reference Table captioned "Public Acts of 1996" in Volume 16 which lists the sections amended, created or repealed by the act.)