New Jersey Statutes
§ 12A:5-115 — Statute of limitations.
New Jersey § 12A:5-115
JurisdictionNew Jersey
Title 12ACOMMERCIAL TRANSACTIONS
This text of New Jersey § 12A:5-115 (Statute of limitations.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
N.J. Stat. Ann. § 12A:5-115 (2026).
Text
12A:5-115. Statute of Limitations. An action to enforce a right or obligation arising under this chapter 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. L.1997,c.395,s.1.
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Nearby Sections
15
§ 12A:5-101
Short title.§ 12A:5-102
Definitions.§ 12A:5-103
Scope.§ 12A:5-104
Formal requirements.§ 12A:5-105
Consideration.§ 12A:5-107
Confirmer, nominated person, and adviser.§ 12A:5-108
Issuer's rights and obligations.§ 12A:5-109
Fraud and forgery.§ 12A:5-110
Warranties.§ 12A:5-111
Remedies.§ 12A:5-112
Transfer of letter of credit.§ 12A:5-113
Transfer by operation of law.§ 12A:5-114
Assignment of proceeds.§ 12A:5-115
Statute of limitations.Cite This Page — Counsel Stack
Bluebook (online)
New Jersey § 12A:5-115, Counsel Stack Legal Research, https://law.counselstack.com/statute/nj/12A/12A%3A5-115.