There is a newer version of the Oregon Revised Statutes
2011 Oregon Revised Statutes
ORS Volume 2, Chapters 56 - 89
ORS Chapter 75
75.1150 Statute of limitations.
OR Rev Stat § 75.1150 (through Leg Sess 2011) What's This?
An action to enforce a right or obligation arising under this chapter must be commenced within one year after the expiration date of the relevant letter of credit or one 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. [1961 c.726 75.1150; 1997 c.150 18]
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