HRS §490:5-115
Time limit for suing on a letter of credit
Read the official text at capitol.hawaii.gov ↗You must start a lawsuit to enforce a letter of credit within one year after the letter expires or one year after the breach happens, whichever is later. The clock starts when the breach occurs, even if you don't know about it yet.
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The statute, as written — Statute of limitations
A copy, taken August 20, 2026. The version published by the Legislature is the one that governs, and it may have changed since. Check it before relying on anything here.
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.
LawTrove is not legal advice. The summary above is a computer-generated restatement — the authoritative text is the official version linked above.