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2006 SESSION
HB 1267 Statute of limitations; effect of written promise.
Introduced by: William R. Janis | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Effect of promise not to plead statute of limitations. Makes all written promises to not plead the statute of limitations valid when (i) it is made to avoid or defer litigation, (ii) it is not made contemporaneously with any other contract, and (iii) it is made for an additional term not longer than the applicable limitations period.
SUMMARY AS INTRODUCED:
Effect of promise not to plead statute of limitations. Makes all written promises to not plead the statute of limitations valid as opposed to having the legal effect of promising to pay debt or discharge liability.