§ 5-115
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/md/commercial-law/5-115A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§5–115.
An action to enforce a right or obligation arising under this article 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.