TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 5
LETTERS OF CREDIT

Section 382-A:5-115

382-A: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.

Source. 1998, 200:1, eff. Jan. 1, 1999.

TITLE XXXIV-AUNIFORM COMMERCIAL CODE

CHAPTER 382-AUNIFORM COMMERCIAL CODE

ARTICLE 5LETTERS OF CREDIT

Section 382-A:5-115

TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 5
LETTERS OF CREDIT