Senate Updates Statute Of Limitations For Contracts
Bill Would Bring Ohio Law In Line With Other States
May 09, 2012
 
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Columbus - 
The Ohio Senate today passed legislation sponsored by Senator Larry Obhof (R- Montville Township) that updates Ohio's statute of limitations for actions on written contracts. This is the maximum time period in which a lawsuit can be filed. Ohio's limitations period is currently 15 years - tied for the longest in the nation. Senate Bill 224 would lower Ohio's statute of limitations for written contracts to eight years, making it consistent with the law governing oral contracts and bringing the state more in line with the limitations period in other states. Roughly 40 states have limitations periods of six years or less. "Ohio's current statute is the longest in the nation. It creates uncertainty and places additional burdens on our businesses," Obhof said. "This change continues our efforts to make Ohio a more business-friendly state, but also serves to protect consumers." Senate Bill 224 now moves to the Ohio House of Representatives for further consideration.
State Senator Larry Obhof represents the 22nd Ohio Senate District, which encompasses Medina, Holmes and Wayne counties and portions of Ashland County. For more information, please visit www.ohiosenate.gov/larry-obhof.html.
 
 
 
  
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