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Home » Law Dictionary » S » SAVING THE STATUTE OF LIMITATIONS

SAVING THE STATUTE OF LIMITATIONS

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

A creditor is said to “save the statute of limitations” when he saves or preserves his debt from being barred by the operation of the statute. Thus, in the case of a simple contract debt if a creditor commence an action for its recovery within six years from the time when the cause of action accrued, he will be in time to save the statute. Brown.

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