South Dakota Statutes
§ 57A-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.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 57A-5-115 (Statute of limitations.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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
Central bank digital currency.