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2017 Missouri Revised Statutes
Title XXVI TRADE AND COMMERCE
Chapter 400 Uniform Commercial Code
Section 400.5-115 Statute of limitations.
Universal Citation: MO Rev Stat § 400.5-115 (2017)
Effective 28 Aug 1997
Title XXVI TRADE AND COMMERCE
Chapter 400400.5-115. 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.
(L. 1963 p. 503 § 5-115, A.L. 1997 S.B. 6)
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