Iowa Statutes
§ 554.5115 — Statute of limitations
Iowa § 554.5115
This text of Iowa § 554.5115 (Statute of limitations) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Iowa Code § 554.5115 (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
[C66, 71, 73, 75, 77, 79, 81, §554.5115]
Nearby Sections
15
§ 554.10101
Effective date§ 554.10103
General repealer§ 554.10104
Laws not repealed§ 554.1101
Short titles§ 554.1102
Scope of Article§ 554.1104
Construction against implied repeal§ 554.1105
Severability§ 554.1106
Use of singular and plural — gender§ 554.1107
Section captions§ 554.1110
Rules for filing and indexing§ 554.11101
Effective date§ 554.11102
Preservation of old transition provisionCite This Page — Counsel Stack
Bluebook (online)
Iowa § 554.5115, Counsel Stack Legal Research, https://law.counselstack.com/statute/ia/554.5115.