Title 104 · NRS Chapter 104

Statute of limitations.

Citation: NRS 104.5115

Section: 104.104.5115

NRS

104.5115

Statute of limitations.

An action to enforce a right or obligation arising under this article must be commenced within 1 year after the expiration date of the relevant letter of credit or 1 year after the claim for relief accrues, whichever occurs later. A claim for relief accrues when the breach occurs, regardless of the aggrieved party’s lack of knowledge of the breach.

(Added to NRS by 1997, 358 )