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The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
ARTICLE 5
Letters of Credit
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SECTION 5-118
Security Interest of Issuer or Nominated Person
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ARTICLE 5
Letters of Credit
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SECTION 5-120
Savings clause
This entry was published on 2014-09-22
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SECTION 5-119
Applicability
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 5
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.