§ 30-5-135 — Statute Of Limitations

Montana § 30-5-135

• Jurisdiction: Montana
• Title 30: TRADE AND COMMERCE
• Ch. 5: UNIFORM COMMERCIAL CODE LETTERS OF CREDIT
• Part 1: Letters of Credit

Text

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.

Legislative History

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