Washington Code 62A.5-1013 – Applicability — Transition provision
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Chapter 56, Laws of 1997 applies to a letter of credit that is issued on or after July 27, 1997. Chapter 56, Laws of 1997 does not apply to a transaction, event, obligation, or duty arising out of or associated with a letter of credit that was issued before July 27, 1997.
[ 1997 c 56 § 1.]
Terms Used In Washington Code 62A.5-1013
- 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.