The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 5-115)
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§ 5—115. Statute of limitations
An action to enforce a right or obligation arising under this article 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. (Added 1997, No. 65 (Adj. Sess.), § 1, eff. Jan. 1, 1999.)