(810 ILCS 5/13-103)
Sec. 13-103.
Savings clause.
A transaction arising out of
or associated with a letter of credit that was issued before the effective date
of this amendatory Act of 1996 and the rights, obligations, and interests
flowing from
that transaction are governed by any statute or other law amended
by this amendatory Act of 1996 as if amendment had not occurred and may be
terminated, completed, consummated, or enforced under that statute or
other law.
(Source: P.A. 89-534, eff. 1-1-97.)
|