Oklahoma Statutes
§ 12A-5-115 — Statute of Limitations.
Oklahoma § 12A-5-115
JurisdictionOklahoma
Title 12AUniform Commercial Code
This text of Oklahoma § 12A-5-115 (Statute of Limitations.) is published on Counsel Stack Legal Research, covering Oklahoma primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Okla. Stat. tit. 12A, § 12A-5-115 (2026).
Text
Statute of Limitations. An action to enforce a right or obligation arising under this article must be commenced within one (1) year after the expiration date of the relevant letter of credit or one (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
Added by Laws 1961, p. 136, § 5-115. Amended by Laws 1996, c. 56, § 14, eff. Jan. 1, 1997.
Nearby Sections
15
§ 12A-1-101
Short titles.§ 12A-1-102
Scope of article.§ 12A-1-104
Construction against implicit repeal.§ 12A-1-106
Use of singular and plural - Gender.§ 12A-1-107
Section captions.§ 12A-1-108
Repealed§ 12A-1-108.1
Relationship to Electronic Signatures in Global and§ 12A-1-202
Notice - Knowledge.§ 12A-1-203
Lease distinguished from security interest.§ 12A-1-204
"Value".§ 12A-1-205
Reasonable time - Seasonableness.§ 12A-1-206
Presumptions.Cite This Page — Counsel Stack
Bluebook (online)
Oklahoma § 12A-5-115, Counsel Stack Legal Research, https://law.counselstack.com/statute/ok/12A/12A-5-115.