O.C.G.A. § 11-10-102 — Provision for transition

Transactions validly entered into before the effective date specified in Code Section 11-10-101 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may be terminated, completed, consummated, or enforced as required or permitted by any statute or other law amended or repealed by this title as though such repeal or amendment had not occurred.

JUDICIAL DECISIONS

Law controlling contract rights.

- Rights of parties under contract are controlled by law applicable at time of contract. Peachtree News Co. v. Macmillan Co., 112 Ga. App. 556, 145 S.E.2d 666 (1965).

Applicability to pre-Code indebtedness.

- The Uniform Commercial Code, which became law in Georgia on January 1, 1964, is applicable to pre-Code indebtedness secured by bill of sale to secure debt where security agreement was substituted and financing statement was filed after Commercial Code went into effect. United States v. Big Z Whse., 311 F. Supp. 283 (S.D. Ga. 1970).

Cited in Murray v. Life Ins. Co., 107 Ga. App. 545, 130 S.E.2d 767 (1963); McCarroll v. First Inv. Co., 109 Ga. App. 748, 137 S.E.2d 319 (1964); Charles S. Martin Distrib. Co. v. First State Bank, 114 Ga. App. 693, 152 S.E.2d 599 (1966); Small Equip. Co. v. Walker, 126 Ga. App. 827, 192 S.E.2d 167 (1972).

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TITLE 11 COMMERCIAL CODE

Section 10. Effective Date and Repealer, 11-10-101 through 11-10-105.

ARTICLE 10 EFFECTIVE DATE AND REPEALER

11-10-102. Provision for transition.

JUDICIAL DECISIONS

Law controlling contract rights.

Applicability to pre-Code indebtedness.

RESEARCH REFERENCES

Am. Jur. 2d.

U.L.A.