Rhode Island Statutes
§ 6A-5-115 — § 6A-5-115. Statute of limitations.
§ 6A-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.
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Rhode Island § 6A-5-115 (§ 6A-5-115. Statute of limitations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
P.L. 2000, ch. 182, § 4; P.L. 2000, ch. 420, § 4.
Nearby Sections
15
§ 6A-12-101
§ 6A-12-101. Short title.§ 6A-12-102
§ 6A-12-102. Definitions.§ 6A-12-106
§ 6A-12-106. Discharge of account debtor on controllable account or controllable payment intangible.§ 6A-12-107
§ 6A-12-107. Governing law.§ 6A-5-101
§ 6A-5-101. Short title.§ 6A-5-102
§ 6A-5-102. Definitions.§ 6A-5-103
§ 6A-5-103. Scope.§ 6A-5-104
§ 6A-5-104. Formal requirements.§ 6A-5-105
§ 6A-5-105. Consideration.