WVC 46 - 5 - 115
§46-5-115. Statute of limitations.
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.