Go to Previous Versions
of
this Section
2025 Delaware Code
Title 6 - Commerce and Trade
Article 5. Letters of Credit
§ 5-115. Statute of limitations.
Universal Citation:
6 DE Code § 5-115 (2025)
Learn more
This media-neutral citation is based
on the American Association of Law Libraries Universal Citation Guide and is not
necessarily the official citation.
§ 5-115. Statute of limitations.
An action to enforce a right or obligation arising under this Article 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.
71 Del. Laws, c. 393, § 1;
Disclaimer: These codes may not be the most recent version. Delaware may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
