HB 2382 Uniform Commercial Code; letters of credit.
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Uniform commercial code; letters of credit. Replaces current Title 8.5 with the revision approved by the National Conference of Commissioners on Uniform State Laws in 1995. The revisions are intended to update the law governing letters of credit following 40 years of usage of Title 8.5 and in recognition of changes in business practices, including the increased use of electronic media, standby letters of credit and deferred-payment letters of credit. The changes standardize current practice and harmonize recent conflicting case law.

Full text:
01/20/97  House: Presented & ordered printed 974158492  pdf
02/20/97  House: Bill text as passed House and Senate (HB2382ER)  pdf
03/19/97  Governor: Acts of Assembly Chapter text (CHAP0343)  pdf

01/20/97  House: Presented & ordered printed 974158492
01/20/97  House: Referred to Committee on Corporations, Insurance and Banking
01/23/97  House: Assigned to C. I. B. sub-committee: 2
01/23/97  House: Reported from Corp., Ins. & Banking (22-Y 0-N)
01/24/97  House: Read first time
01/27/97  House: Read second time and engrossed
01/28/97  House: Read third time and passed House (Block Vote) (99-Y 0-N)
01/28/97  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
01/28/97  House: Communicated to Senate
01/29/97  Senate: Constitutional reading dispensed (39-Y 1-N)
01/29/97  Senate: Referred to Committee on Commerce and Labor
02/10/97  Senate: Reported from Commerce and Labor (15-Y 0-N)
02/11/97  Senate: Const. reading disp., passed by for the day (40-Y 0-N)
02/11/97  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
02/12/97  Senate: Read third time
02/12/97  Senate: Passed Senate (40-Y 0-N)
02/12/97  Senate: VOTE: PASSAGE (40-Y 0-N)
02/20/97  House: Bill text as passed House and Senate (HB2382ER)
02/26/97  House: Enrolled
02/26/97  House: Signed by Speaker
02/27/97  Senate: Signed by President
03/13/97  Governor: Approved by Governor-Chapter 343 (effective 1/1/98)
03/19/97  Governor: Acts of Assembly Chapter text (CHAP0343)