Statute of limitations

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Statute of limitations

A statute specifying the period of time within which legal action must be brought for alleged damages or injury; in construction industry cases.
Illustrated Dictionary of Architecture Copyright © 2012, 2002, 1998 by The McGraw-Hill Companies, Inc. All rights reserved

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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
To avoid these pitfalls, taxpayers should be made aware that when they file a return showing the creation of an NOL, the records supporting the loss carryforward should be kept until the NOL is fully utilized and the return including the final NOL deduction expires under the three-year statute of limitation.
If successful, this argument would often save such taxpayers from application of the six-year statute of limitation when the 25% calculation is made.
The topics of this month's Risk Management are advertising, statute of limitations, and yelling at a client.
Aware that the statute of limitations would bar any action beyond the three-year time frame, Murray filed his personal injury claim before the September 13, 2006, deadline.
Often, debt collectors are allowed to ask consumers to pay off their old bills even after the statute of limitations has passed but cannot sue for the money.
The state argued that any criminal pleading that establishes jurisdiction in the district court should toll the two-year statute of limitations, and that the state was not barred from prosecuting the DWI.
"But because the plaintiff missed the statute of limitations the most they would win at trial is a few dollars."
In this order, the court acknowledged the "split of authority" in the Appellate Division with respect to this statute of limitations question, and deemed controlling the Second Department case law applying a six-year statute of limitations in cases such as this one on the ground that "no-fault matters...
Speaking in the Commons, Mr Lewis said legal advice suggested a statute of limitations and a so-called "truth recovery process" for everybody "could indeed be entirely legitimate in the face of any form of international legal regime".
Thus, this article examines the Florida statute that concerns tolling or suspending the Florida statute of limitations, including the legal effect of federal bankruptcy law with respect to tolling or suspending the Florida statute of limitations, the most likely common method for tolling the statute of limitations, and the exception created by the Florida Supreme Court 30 years ago that held directly contrary to [section]95.051(2).
The Oregon House and Senate have unanimously passed a bill extending the statute of limitations on sexual assault - yet Gov.