Fla. Stat. § 675.115

Current through the 2024 Legislative Session
Section 675.115 - Statute of limitations

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.

Fla. Stat. § 675.115

s. 1, ch. 65-254; s.619, ch. 97-102; s. 1, ch. 99-137.

s. 5-115, U.C.C.