South Dakota Statutes
§ 57A-5-115 — Statute of limitations.
South Dakota § 57A-5-115
This text of South Dakota § 57A-5-115 (Statute of limitations.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 57A-5-115 (2026).
Text
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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Related
Midstates Excavating, Inc. v. Farmers & Merchants Bank & Trust of Watertown
410 N.W.2d 190 (South Dakota Supreme Court, 1987)
Legislative History
SL 1998, ch 283, § 1.
Nearby Sections
15
§ 57A-1-101
Short title.§ 57A-1-102
Scope of chapter.§ 57A-1-104
Construction against implied repeal.§ 57A-1-105
Severability.§ 57A-1-106
Use of singular and plural--Gender.§ 57A-1-107
Section captions.§ 57A-1-201
General definitions.§ 57A-1-202
Notice--Knowledge.§ 57A-1-203
Lease distinguished from security interest.§ 57A-1-204
Value.§ 57A-1-205
Reasonable time--Seasonableness.§ 57A-1-206
Presumptions.§ 57A-1-207
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Bluebook (online)
South Dakota § 57A-5-115, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/57A-5-115.