History. Code 1981, § 11-5-103 , enacted by Ga. L. 2002, p. 995, § 1; Ga. L. 2015, p. 996, § 3B-16/SB 65.
Editor’s notes.
Ga. L. 2015, p. 996, § 1-1/SB 65, not codified by the General Assembly, provides: “(a) This Act shall be known and may be cited as the ‘Debtor-Creditor Uniform Law Modernization Act of 2015.’
“(b) To promote consistency among the states, it is the intent of the General Assembly to modernize certain existing uniform laws promulgated by the Uniform Law Commission affecting debtor and creditor rights, responsibilities, and relationships and other federally recognized laws affecting such rights, responsibilities, and relationships.
Structure Georgia Code
§ 11-5-104. Formal Requirements
§ 11-5-106. Issuance, Amendment, Cancellation, and Duration
§ 11-5-107. Confirmer, Nominated Person, and Adviser
§ 11-5-108. Issuer’s Rights and Obligations
§ 11-5-112. Transfer of Letter of Credit
§ 11-5-113. Transfer by Operation of Law
§ 11-5-114. Assignment of Proceeds
§ 11-5-115. Statute of Limitations
§ 11-5-116. Choice of Law and Forum
§ 11-5-117. Subrogation of Issuer, Applicant, and Nominated Person