2006 New York Code - Applicability.



 
  Section 5--119. Applicability.
    This  article applies to a letter of credit that is issued on or after
  the effective date of this article. This article does  not  apply  to  a
  transaction,  event,  obligation,  or  duty arising out of or associated
  with a letter of credit that was issued before  the  effective  date  of
  this article.

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