The Uniform Commercial Code became operative at midnight on September 1, 1965. It applies to transactions entered into and events occurring after that date.
Source:Laws 1963, c. 544, Art. X, § 10-101, p. 1943; Laws 1992, LB 861, § 19.
This effective date is suggested so that there may be ample time for all those who will be affected by the provisions of the code to become familiar with them.