Meaning of nonclaim statute | Babel Free

Definitions

Synonym of statute of repose.

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