Nevada Revised Statutes Section 104.1110 - Commercial Instruments and Transactions

Provisions for transition.

1. Transactions validly entered into before March 1, 1967, and the rights, duties and interests flowing from them remain valid thereafter and may be terminated, completed, consummated or enforced as required or permitted by any statute or other law amended or repealed by this chapter as though such repeal or amendment had not occurred.

2. A transaction arising out of or associated with a letter of credit that was issued before October 1, 1997, and the rights, obligations and interests flowing from that transaction are governed by the former provisions of this chapter as if the amendment effective October 1, 1997, had not occurred, and may be terminated, completed, consummated or enforced under those former provisions.

3. Rights and obligations that arose after March 1, 1967, and before October 1, 1991, under NRS 104.6101 to 104.6111, inclusive, Uniform Commercial Code-Bulk Transfers, remain valid and may be enforced as though those sections had not been repealed.

NRS 104.1201

Last modified: February 27, 2006