Ky. Rev. Stat. § 355.5-115
Current through Acts Received April 24, 2024
An action to enforce a right or obligation arising under this article must be commenced within one (1) year after the expiration date of the relevant letter of credit or one (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.
KRS 355.5-115
Repealed and reenacted 2000, Ky. Acts ch. 408, sec. 15, effective7/1/2001. -- Created 1958 Ky. Acts ch. 77, sec. 5-115, effective 7/1/1960.