{"data":{"id":"us-tx/tex.-business-commerce-code-5.115","jurisdiction":"us-tx","citation":"Tex. Business \u0026 Commerce Code § 5.115","heading":"STATUTE OF LIMITATIONS.","body":"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.\nAmended by Acts 1999, 76th Leg., ch. 4, Sec. 1, eff. Sept. 1, 1999.","path":["BUSINESS AND COMMERCE CODE","TITLE 1. UNIFORM COMMERCIAL CODE","CHAPTER 5. LETTERS OF CREDIT"],"source_url":"https://statutes.capitol.texas.gov/Docs/BC/htm/BC.5.htm#5.115","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:46:56Z","sha256":"0ff520796fa6fd3a3d7f5d6e0ccd32e6266b3383f428223c84391da474ca431e","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-business-commerce-code-5.114","next":"us-tx/tex.-business-commerce-code-5.116"},"notice":"GroundRules: Original legal text. Not legal advice."}