{"data":{"id":"us-nv/nrs-104.5115","jurisdiction":"us-nv","citation":"NRS 104.5115","heading":"Statute of limitations.","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 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.","path":["TITLE 8 — COMMERCIAL INSTRUMENTS AND TRANSACTIONS","CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES","LETTERS OF CREDIT"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-104.html#NRS104Sec5115","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"8561459fe8bf4611eaa1ec12a332e4dd63a3e539513f693fc9ff8805d4ebd22f","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-104.5114","next":"us-nv/nrs-104.5116"},"notice":"GroundRules: Original legal text. Not legal advice."}