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2018 Ohio Revised Code
Title [13] XIII COMMERCIAL TRANSACTIONS - OHIO UNIFORM COMMERCIAL CODE
Chapter 1305 - LETTERS OF CREDIT
Section 1305.14 - Statute of limitations - UCC 5-115.
Universal Citation: Ohio Rev Code § 1305.14 (2018)
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.
Effective Date: 07-01-1998 .
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