An action to enforce an obligation, duty, or right arising under this article must be commenced within three years after the cause of action accrues.
Source: L. 94: Entire article amended with relocations, p. 885, § 2, effective January 1, 1995.
This section conforms to the period of limitations set by Section 3-118(g) for actions for breach of warranty and to enforce other obligations, duties or rights arising under Article 3. Bracketing "cause of action" recognizes that some states use a different term, such as "claim for relief."
Structure Colorado Code
Title 4 - Uniform Commercial Code
Article 4 - Bank Deposits and Collections
Part 1 - General Provisions and Definitions
§ 4-4-103. Variation by Agreement - Measure of Damages - Action Constituting Ordinary Care
§ 4-4-104. Definitions and Index of Definitions
§ 4-4-106. Payable Through or Payable at Bank - Collecting Bank
§ 4-4-107. Separate Office of Bank
§ 4-4-108. Time of Receipt of Items