There is a newer version of the Idaho Code and Statutes
2011 Idaho Code
TITLE 28 COMMERCIAL TRANSACTIONS
CHAPTER 5 UNIFORM COMMERCIAL CODE -- LETTERS OF CREDIT
28-5-115 STATUTE OF LIMITATIONS.
ID Code § 28-5-115 (2011 through Reg Sess) What's This?
28-5-115. 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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