Ark. Code § 4-5-115

Current with legislation from 2024 effective through May 3, 2024.
Section 4-5-115 - Statute of limitations

An action to enforce a right or obligation arising under this chapter must be commenced within one (1) year after the expiration date of the relevant letter of credit or one (1) 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.

Ark. Code § 4-5-115

Acts 1997, No. 1070, § 1.