This bill proposes amendments to West Virginia's statute of limitations for actions based on written and oral contracts, specifically altering the timeframes within which such actions must be initiated. The bill reduces the statute of limitations for actions on written contracts from ten years to five years, and for oral contracts from five years to three years. Additionally, it clarifies that actions concerning partnerships or trade accounts may still be brought within three years from the cessation of dealings, rather than the previously established five years.

The intent behind this legislation is to align West Virginia's statutes of limitation with those of other states, thereby streamlining legal processes related to contract disputes. The proposed changes aim to encourage timely resolution of contract-related issues and reduce the duration for which parties may be held liable under these contracts.

Statutes affected:
Introduced Version: 55-2-6