Wisconsin Statutes
§ 405.115 — Statute of limitations.
Wisconsin § 405.115
JurisdictionWisconsin
Ch. 405Uniform commercial code — letters of credit
This text of Wisconsin § 405.115 (Statute of limitations.) is published on Counsel Stack Legal Research, covering Wisconsin primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Wis. Stat. § 405.115 (2026).
Text
405.115 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 date 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
Datapoint Corp. v. M & I BANK OF HILLDALE
665 F. Supp. 722 (W.D. Wisconsin, 1987)
JP Morgan Trust Co., NA v. US BANK, NA
381 F. Supp. 2d 865 (E.D. Wisconsin, 2005)
Legislative History
405.115 History History: 2005 a. 213 .
Nearby Sections
15
§ 405.101
Short title.§ 405.102
Definitions.§ 405.103
Scope.§ 405.104
Formal requirements.§ 405.105
Consideration.§ 405.108
Issuer’s rights and obligations.§ 405.109
Fraud and forgery.§ 405.110
Warranties.§ 405.111
Remedies.§ 405.112
Transfer of letter of credit.§ 405.113
Transfer by operation of law.§ 405.114
Assignment of proceeds.§ 405.115
Statute of limitations.Cite This Page — Counsel Stack
Bluebook (online)
Wisconsin § 405.115, Counsel Stack Legal Research, https://law.counselstack.com/statute/wi/405.115.