§490:5-115 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. [L 1996, c 39, pt of §1]
Section: Previous 490-5-108 490-5-109 490-5-110 490-5-111 490-5-112 490-5-113 490-5-114 490-5-115 490-5-116 490-5-117 490-5-118 490-6-101-to-490-6-110 490-7-101-to-490-7-603 490-7-102 490-7-103 NextLast modified: October 27, 2016