104.5115 - Statute of limitations. - Nevada Statutes

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)