Vermont § 115 - § 5—115.
Full text of Vermont Vermont Statutes Online § 115 — § 5—115., with citation guidance and answers to common questions.
§ 115. § 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.)
Frequently Asked Questions About Vermont § 115
What does Vermont Statutes Online § 115 cover?
Section 115 ("§ 5—115.") is part of the Vermont Statutes Online, the codified statutory law of Vermont. 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 Vermont § 115?
A common citation format is "Vermont Statutes Online § 115" (Vermont). 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 Vermont law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Vermont official source linked on this page or consult a licensed Vermont attorney.
How does Vermont § 115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Vermont 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 Vermont.