A transaction arising out of or associated with a letter of credit that was issued before August 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rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended or repealed by this chapter as if repeal or amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law.
Ark. Code Ann. § 4-5-120
Savings clause
Known as the Uniform Commercial Code
The act spans §§ 4–4 (597 sections).
Acts 1997, No. 1070, § 10; 2001, No. 1439, § 14.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.