Public act 96-198* applies to a letter of credit that is issued on or after October 1, 1996. Public act 96-198* does not apply to a transaction, event, obligation or duty arising out of or associated with a letter of credit that was issued before October 1, 1996.(P.A. 01-132, S. 181.)*Note: Public act 96-198 is entitled 'An Act Revising Article 5 of the Uniform Commercial Code Concerning Letters of Credit'. (See Reference Table captioned 'Public Acts of 1996' in Volume 16 which lists the sections amended, created or repealed by the act.)
Connecticut Legal Code