Nebraska Uniform Commercial Code 7-704

UCC 7-704

7-704.

Savings clause.

A document of title issued or a bailment that arises before January 1, 2006, and the rights, obligations, and interests flowing from that document or bailment are governed by any statute or other rule amended or repealed by Laws 2005, LB 570, as if amendment or repeal had not occurred and may be terminated, completed, consummated, or enforced under that statute or other rule.

Annotations

  • COMMENT

  • This article will apply prospectively only to documents of title issued or bailments that arise after the operative date of this article. To the extent that issues arise based upon documents of title or rights or obligations that arise prior to the operative date of this article, prior law will apply to resolve those issues.