Montana Statutes

§ 30-5-135 — Statute Of Limitations

Montana·Title 30 TRADE AND COMMERCE·Ch. 5 UNIFORM COMMERCIAL CODE LETTERS OF CREDIT·Part 1 Letters of Credit
30-5-135 . Statute of limitations. An action to enforce a right or obligation arising under this chapter must be commenced within 1 year after the expiration date of the relevant letter of credit or 1 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

En. Sec. 19, Ch. 536, L. 1997.

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