Statute of limitations.

F.S. 675.115
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
An action to enforce a right or obligation arising under this chapter must be commenced within 1 year after the expiration date of the relevant letter of credit or 1 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: FL Statutes (Official Site)URL: https://www.flsenate.gov/Laws/Statutes/2025/Chapter675/AllFetched: 7/8/2026

Starting a business in Florida? Florida LLC guide: costs and requirements