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.
Applicability
N.Y. Uniform Commercial Code Law § 5-119, under Letters of Credit.
N.Y. Uniform Commercial Code Law § 5-119