§ 6A-5-115 - Statute of limitations. - Rhode Island Statutes

SECTION 6A-5-115

   § 6A-5-115  Statute of limitations. –An action to enforce a right or obligation arising under this chapter must becommenced within one year after the expiration date of the relevant letter ofcredit or one year after the cause of action accrues, whichever occurs later. Acause of action accrues when the breach occurs, regardless of the aggrievedparty's lack of knowledge of the breach.