Conn. Gen. Stat. § 42a-5-115
Current with legislation from the 2024 Regular and Special Sessions.
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.
Conn. Gen. Stat. § 42a-5-115
(1959, P.A. 133, S. 5-115; P.A. 96-198, S. 15.)
Cited. 173 Conn. 492.
See Sec. 42a-5-111 for successor provisions to Sec. 42a-5-115, revised to 1995, re remedies for improper dishonor or anticipatory repudiation.