675.115 Statute of limitations.
60 words·~1 min read·
/fl/title-xxxix/chapter-675/675-115·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An action to enforce a right or obligation arising under this chapter must be commenced within 1 year after the expiration date of the relevant letter of credit or 1 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.