Minnesota Statutes
§ 336.5-115 — 336.5-115 STATUTE OF LIMITATIONS.
Minnesota § 336.5-115
This text of Minnesota § 336.5-115 (336.5-115 STATUTE OF LIMITATIONS.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Minn. Stat. § 336.5-115 (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 claim for relief accrues, whichever occurs later. A claim for relief accrues when the breach occurs, regardless of the aggrieved party's lack of knowledge of the breach.
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Legislative History
1997 c 11 art 1 s 15
Nearby Sections
15
§ 336.5-101
336.5-101 SHORT TITLE.§ 336.5-102
336.5-102 DEFINITIONS.§ 336.5-103
336.5-103 SCOPE.§ 336.5-104
336.5-104 FORMAL REQUIREMENTS.§ 336.5-105
336.5-105 CONSIDERATION.§ 336.5-108
336.5-108 ISSUER'S RIGHTS AND OBLIGATIONS.§ 336.5-109
336.5-109 FRAUD AND FORGERY.§ 336.5-110
336.5-110 WARRANTIES.§ 336.5-111
336.5-111 REMEDIES.§ 336.5-112
336.5-112 TRANSFER OF LETTER OF CREDIT.§ 336.5-113
336.5-113 TRANSFER BY OPERATION OF LAW.§ 336.5-114
336.5-114 ASSIGNMENT OF PROCEEDS.§ 336.5-115
336.5-115 STATUTE OF LIMITATIONS.Cite This Page — Counsel Stack
Bluebook (online)
Minnesota § 336.5-115, Counsel Stack Legal Research, https://law.counselstack.com/statute/mn/336/336.5-115.