Colorado Statutes
§ 4-5-115 — Statute of limitations
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
Source: L. 96: Entire article R&RE, p. 200, � 1, effective July 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith