Md. Code, Commercial Law § 5-115
This is the official text of Md. Code, Commercial Law § 5-115, part of Maryland’s Code, Commercial Law — governs commercial transactions - Maryland's version of the Uniform Commercial Code.
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§5–115.
Official statutory text
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 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.
Status: in_force · Read it on the official government site
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