Meaning of nonclaim statute | Babel Free
Examples
“A typical nonclaim statute provides that if a creditor does not present⟳ the creditor's claim⟳ for payment within four months after receiving notice⟳, the creditor's claim⟳ is forever barred even if the statute of limitations on that claim⟳ has not yet expired.”
“A claim⟳ that is presented within the limits of a nonclaim statute may be dismissed because the statute of limitations has run⟳ and vice-versa.”
“The effect of the running of the domiciliary nonclaim statute on Maine creditors is unclear.”
CEFR level
B2
Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.
This word is part of the CEFR B2 vocabulary — upper intermediate level.
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