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statute of limitations
(redirected from Statutes of Limitation)

   Also found in: Dictionary/thesaurus, Medical, Legal, Financial, Wikipedia 0.01 sec.
statute of limitations
A statute specifying the period of time within which legal action must be brought for alleged damage or injury. The lengths of the periods vary from state to state and depend upon the type of legal action. The period commences to run under some statutes of limitations upon the accrual of a legal claim, but in others only upon the time of discovery of the act resulting in the alleged damage or injury.


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The court observed that where there are two statutes of limitations which apply to the same subject matter, one specific and one general, the specific statute controls.
The bill's opponents, including the American Civil Liberties Union and the Oregon Criminal Defense Lawyers Association, raise the usual arguments presented to justify statutes of limitations.
Statutes of limitation are state and debt type specific and are, in almost all cases, far less than the seven year reporting period limit for credit reporting.
 
 
 
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