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§ 5-119. Savings Clause

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 5. Letters of Credit (Refs & Annos)
12A Okl.St.Ann. § 5-119
§ 5-119. Savings Clause
Savings Clause.
A transaction arising out of or associated with a letter of credit that was issued before January 1, 1997, and the rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended or repealed by this act1 as if repeal or amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law.

Credits

Laws 1996, c. 56, § 18, eff. Jan. 1, 1997.

Footnotes

O.S.L.1996, c. 56.
12A Okl. St. Ann. § 5-119, OK ST T. 12A § 5-119
Current with emergency effective legislation through Chapter 3 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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