Arizona § 47-5115 - Statute of limitations
Full text of Arizona Arizona Revised Statutes § 47-5115 — Statute of limitations, with citation guidance and answers to common questions.
§ 47-5115. 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.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 47-5115
What does Arizona Revised Statutes § 47-5115 cover?
Section 47-5115 ("Statute of limitations") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 47-5115?
A common citation format is "Arizona Revised Statutes § 47-5115" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 47-5115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.