Saving clause

4-5-119. Saving clause. A transaction arising out of or associated with a letter of credit that was issued before July 1, 1996, and the rights, obligations, and interests flowing from that transaction are governed by any statute or other law amended or repealed when this article was enacted as if repeal or amendment had not occurred and may be terminated, completed, consummated, or enforced under that statute or other law. Source: L. 96: Entire article R&RE, p. 202, � 1, effective July 1. ARTICLE 6 Bulk Transfers Editor's note: (1) The repeal of this article was recommended by the National Conference of Commissioners on Uniform State Laws and the American Law Institute. The rationale for the repeal is set out in a Prefatory Note provided by the Conference and the Institute. That note is reprinted following this Editor's Note. (2) Colorado has adopted the acts referred to in the Prefatory Note. The Uniform Enforcement of Foreign Judgments Act is article 53 of title 13, C.R.S., and the Uniform Fraudulent Transfer Act is article 8 of title 38, C.R.S. (3) This article was numbered as article 6 of chapter 155, C.R.S. 1963. For amendments to this article prior to its repeal in 1991, consult the Colorado statutory research explanatory note and the table itemizing the replacement volumes and supplements to the original volume of C.R.S. 1973 beginning on page vii in the front of this volume. 4-6-101 to 4-6-111. (Repealed) Source: L. 91: Entire article repealed, p. 269, � 1, effective July 1.