This bill proposes amendments to the Code of West Virginia, specifically targeting the statute of limitations for various legal actions. It reduces the time frame within which individuals can bring actions to recover on written and oral contracts, certain bonds, and recognizances. For instance, the time limit for actions based on indemnifying bonds, written contracts under seal, and awards is decreased from ten years to five years. Additionally, the time limit for actions on other express or implied contracts is reduced from five years to two years.

Furthermore, the bill clarifies the accrual of rights for actions against fiduciaries, such as guardians and personal representatives, specifying that the right of action on their bonds will be determined based on the age of the ward or the termination of the fiduciary's office. It also establishes that actions on recognizances must be initiated within five years, unless they pertain to bail, which has a three-year limit. Overall, the bill aims to streamline the legal process by shortening the timeframes for filing claims related to contracts and fiduciary responsibilities.

Statutes affected:
Introduced Version: 55-2-6, 55-2-7, 55-2-11