Bill > SB27

This bill proposes to shorten the time limits, known as statutes of limitations, within which legal actions can be brought to recover money owed under various types of agreements. Specifically, it reduces the time to sue on bonds for fiduciaries (individuals entrusted with managing another's assets, like executors or guardians) and personal representatives (those handling a deceased person's estate) from ten years to five years. Similarly, the time limit for actions on written contracts not under seal, awards, and recognizances (a type of formal acknowledgment of a debt or obligation) is reduced from ten years to five years. For other types of contracts, both express (clearly stated) and implied (understood by actions), the limit is cut from five years to two years, with exceptions for partnership account settlements and certain merchant-to-merchant dealings. The bill also clarifies that the time to sue on a fiduciary's bond after an account has been settled is reduced from ten years to five years after the account is confirmed.

Justice

http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=27&year=2026&sessiontype=RS&btype=bill