SENATE BILL REPORT
SB 6401
BYSenators Pullen, Moore, Bluechel, Bauer, DeJarnatt and Hansen
Revising the period of limitations on actions to enforce agreements.
Senate Committee on Law & Justice
Senate Hearing Date(s):January 28, 1988
Senate Staff:Dick Armstrong (786-7460)
AS OF JANUARY 25, 1988
BACKGROUND:
The period of time to commence an action on contracts is limited by statute. The statute of limitations for actions based on a written agreement is six years. The statute of limitations for actions based on a contract which is not in writing is three years.
Persons engaged in many commercial businesses often times do not enter into a written contract with customers. It is suggested that the statute of limitations should be extended to six years for all actions based on contracts, whether written or not.
SUMMARY:
The statute of limitations is extended to six years for contracts that are not in writing or based on a written instrument.
Appropriation: none
Revenue: none
Fiscal Note: requested January 25, 1988