Nebraska Uniform Commercial Code 10-102
- Uniform Commercial Code
Provision for transition.
Transactions validly entered into before the operative date specified in section 10-101 and the rights, duties and interests flowing from them remain valid thereafter and may be terminated, completed, consummated or enforced as required or permitted by any statute or other law amended or repealed by the Uniform Commercial Code as though such repeal or amendment had not occurred.
- Laws 1963, c. 544, Art. X, § 10-102, p. 1943;
- Laws 1992, LB 861, § 20.
This is saving clause for valid transactions before September 1, 1965. Farmers Union Coop. Assn. of Cedar Bluffs v. Commercial State Bank, 187 Neb. 376, 191 N.W.2d 168 (1971).
This section provides for the transition to the code.