{"data":{"id":"us-md/md.-code-commercial-law-5-115","jurisdiction":"us-md","citation":"Md. Code, Commercial Law § 5–115","heading":"","body":"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.","path":["Article - Commercial Law"],"source_url":"https://mgaleg.maryland.gov/mgawebsite/Laws/StatuteText?article=gcl\u0026section=5-115","current_through":"2026-01-01","vintage":"","retrieved_at":"2026-09-14T19:56:33Z","sha256":"3ec7e302f46d17a66df68c66705b5f2f15e59161b957d7a411508d4508a7446d","source_id":"us-md","stale":false,"prev":"us-md/md.-code-commercial-law-5-114","next":"us-md/md.-code-commercial-law-5-116"},"notice":"GroundRules: Original legal text. Not legal advice."}