Bill Text: NC S393 | 2013-2014 | Regular Session | Amended

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Bill Title: Constructive Fraud/Limitations Period

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2013-06-20 - Conf Com Appointed [S393 Detail]

Download: North_Carolina-2013-S393-Amended.html

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GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 2013

S                                                                                                                                                     1

SENATE BILL 393

 

 

Short Title:        Constructive Fraud/Limitations Period.		(Public)
Sponsors:	Senator Clodfelter (Primary Sponsor).
Referred to:	Judiciary I.

March 25, 2013

A BILL TO BE ENTITLED

AN ACT relating to the limitations period for actions on the ground of constructive fraud.

The General Assembly of North Carolina enacts:

SECTION 1.  G.S. 1‑52(9) reads as rewritten:

"§ 1‑52.  Three years.

Within three years an action ‑

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(9)        For relief on the ground of fraud or mistake; fraud, either actual or constructive, or mistake, except where a different period of limitations is applicable in case of claims alleging constructive fraud brought under Article 3A of Chapter 39 of the General Statutes or claims alleging actual or constructive fraud under G.S. 75‑1.1; further provided that the cause of action shall not be deemed to have accrued until the discovery by the aggrieved party of the facts constituting the actual or constructive fraud or the mistake."

SECTION 2.  This act is effective when it becomes law and applies to claims arising on or after that date.