technical correction; statute of limitations
HB 2872 is a technical correction to Arizona's statute of limitations for legal actions related to letters of credit. It amends Section 47-5115 of the Arizona Revised Statutes to clarify that a claim must be filed within one year after a letter of credit expires or after the breach occurs, whichever is later. This bill does not change the legal requirements or time limits - it only fixes the wording of the existing statute. It directly affects parties involved in disputes over letters of credit issued under Arizona law.
Bill status
introduced
1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2026
Last action Feb 23, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
0
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jeff Weninger
RRepublican
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