2006 New York Code - Cross-references To Former Article 8; Meaning Or Interpretation

 
  Section 8--602. Cross-References   to   former  Article  8;  Meaning  or
                    Interpretation.
    (a) Any reference  made  in  law  to  a  bond  or  other  security  or
  instrument  to  be  issued  hereafter under the authority of such law as
  being a negotiable instrument or security under former Article 8 of this
  code shall be deemed to mean and refer to such bond or other security or
  instrument issued on or after the effective date of this  Act  as  being
  one to be governed by the provisions of this new Article 8.
    (b) The  provisions of subsection (a) shall not be deemed to impair in
  any manner the obligations of any bond or other security  or  instrument
  previously issued and in existence on the effective date of this Act and
  the  same shall continue to be governed by its covenants. The provisions
  of this Act shall apply to such previously issued and existing  bond  or
  other  security  or instrument only to the extent that the provisions of
  this Act can be harmonized with the provisions of covenants existing  on
  the  effective  date of this Act to which such bond or other security or
  instrument is subject on such date, without impairing its obligations.