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84-5-118. Applicability. This act applies to a letter of credit that is issued on or after the effective date of this act. This act 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 act.

History: L. 1996, ch. 202, ยง 18; July 1.

KANSAS COMMENT, 1996

This section and 84-5-119 are identical to suggested transition provisions from the 1995 Official Text.


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