Md. Code, CL§ 5-115
Current with changes from the 2024 Legislative Session effective on or before 7/1/2024, from Chs.. 2 through 1049
An action to enforce a right or obligation arising under this article 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.
Md. Code, CL§ 5-115