Oregon Code § 75.1150·Enacted ·Last updated March 01, 2026
Statute Text
Statute of limitations.
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
partys lack of knowledge of the breach. [1961 c.726 §75.1150; 1997 c.150 §18]
Plain English Explanation
This Oregon statute addresses Statute of limitations. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 75.1150
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Statute of limitations. Read the full statute text above for details.
This page reflects the current text as of our last update. Always verify with the official Oregon legislature website for the most current version.
The formal citation is Oregon Code § 75.1150. Use this format in legal documents and court filings.
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