Bill > SB85

This bill proposes to shorten the time period, known as the statute of limitations, within which legal action can be taken to recover money owed under various types of agreements. Specifically, it reduces the time limit from ten years to five years for actions related to indemnifying bonds, bonds of executors, administrators, guardians, curators, committees, sheriffs, deputy sheriffs, clerks, deputy clerks, and other fiduciaries or public officers, as well as for written contracts under seal and written contracts not under seal. For other contracts, both express and implied, the limit is reduced from five years to two years, with exceptions for partnership account settlements and merchant-to-merchant trade accounts. The bill also reduces the time limit for actions on recognizances, which are formal acknowledgments of debt or obligation, from ten years to five years, except for recognizances of bail which remain at three years. Furthermore, it shortens the period for suing sureties on a fiduciary's bond after an account has been confirmed from ten years to five years. The context for these changes is to generally decrease the time frame for pursuing legal claims on these types of financial obligations.

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http://www.wvlegislature.gov/Bill_Status/Bills_history.cfm?input=85&year=2026&sessiontype=RS&btype=bill