California Statutes
§ 5115. — 5115. (Repealed and added by Stats. 1996, Ch. 176, Sec. 7.)
California § 5115.
This text of California § 5115. (5115. (Repealed and added by Stats. 1996, Ch. 176, Sec. 7.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Cal. Commercial Code - COM Code § 5115. (2026).
Text
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.
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Legislative History
Repealed and added by Stats. 1996, Ch. 176, Sec. 7. Effective January 1, 1997.
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Bluebook (online)
California § 5115., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/5115..