Illinois Compiled Statutes 810 ILCS 5/13-102 – Applicability
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Illinois Compiled Statutes 810 ILCS 5/13-102
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
This amendatory Act of 1996 applies to a letter of credit that is issued on or after the effective date of this amendatory Act of 1996. This amendatory Act of 1996 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 amendatory Act of 1996.