For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Statute of limitations

KRS 355.5-115
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
355.5-115. Statute of limitations An action to enforce a right or obligation arising under this article must be commenced within one (1) year after the expiration date of the relevant letter of credit or one (1) year after the claim for relief accrues, whichever occurs later. A claim for relief accrues when the breach occurs, regardless of the aggrieved party's lack of knowledge of the breach. Effective: July 1, 2001 History: Repealed and reenacted 2000 Ky. Acts ch. 408, sec. 15, effective July 1, 2001. -- Created 1958 Ky. Acts ch. 77, sec. 5-115, effective July 1, 1960.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33607Fetched: 10/20/2026

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