HB 2872 Arizona House · 57th Legislature - Second Regular Session

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
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P
Photo of Jeff Weninger
Jeff Weninger
RRepublican
AZ
13