47-5115. Statute of limitations
An action to enforce a right or obligation arising under this article must be commenced within one year after the expiration date of the relevant letter of credit or one year after the cause of action accrues, whichever occurs later. A cause of action accrues when the breach occurs, regardless of the aggrieved party's lack of knowledge of the breach.
Section: Previous 47-5108 47-5109 47-5110 47-5111 47-5112 47-5113 47-5114 47-5115 47-5116 47-5117 47-5118 47-7101 47-7102 47-7103 47-7104 NextLast modified: October 13, 2016