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4-5-115. Statute of limitations.
Arkansas Code — all titles (historical 2020) · legal_authorities
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.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-5-115
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-5-115
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 0ce5e0758640485c57cbd3c0c386b95d0c0a3beda46cb3aa4a9b8e5ef9673bf6
Source location: content.xml paragraph 6667
Stored source content
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.
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