355.3-701 Repealed, 1998, retroactive to January 1, 1997. Catchline at repeal: Letter of advice of international sight draft. History: Repealed 1998 Ky. Acts ch. 292, sec. 1, effective July 15, 1998, retroactive to January 1, 1997. -- Created 1958 Ky. Acts ch. 77, sec. 3-701, effective July 1, 1960. Legislative Research Commission Note (7/15/96). In 1996 Ky. Acts Chapter 130, the Kentucky General Assembly adopted the 1991 revision of Article 3 (Negotiable Instruments) of the Uniform Commercial Code, effective January 1, 1997. This statute, which is a part of the former version of Article 3, should have been repealed by that Act, but its repeal was inadvertently omitted from the Act.