State Codes and Statutes

Statutes > Nevada > Title-8 > Chapter-104 > Article-5-letters-of-credit > 104-5115

104.5115 Statute of limitations. An action to enforce a right or obligation arising under this article must be commenced within 1 year after the expiration date of the relevant letter of credit or 1 year after the claim for relief accrues, whichever occurs later. A claim for relief accrues when the breach occurs, regardless of the aggrieved party’s lack of knowledge of the breach.

(Added to NRS by 1997, 358)

State Codes and Statutes

Statutes > Nevada > Title-8 > Chapter-104 > Article-5-letters-of-credit > 104-5115

104.5115 Statute of limitations. An action to enforce a right or obligation arising under this article must be commenced within 1 year after the expiration date of the relevant letter of credit or 1 year after the claim for relief accrues, whichever occurs later. A claim for relief accrues when the breach occurs, regardless of the aggrieved party’s lack of knowledge of the breach.

(Added to NRS by 1997, 358)