The Law Dictionary

Your Free Online Legal Dictionary • Featuring Black’s Law Dictionary, 2nd Ed.

SAVING THE STATUTE OF LIMITATIONS Definition & Legal Meaning

Definition & Citations:

A creditor is said to “save the statute of limitations” when he saves or preserves his debt from being barred by the operation of the statute. Thus, in the case of a simple contract debt if a creditor commence an action for its recovery within six years from the time when the cause of action accrued, he will be in time to save the statute. Brown.

Disclaimer

This article contains general legal information but does not constitute professional legal advice for your particular situation. The Law Dictionary is not a law firm, and this page does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.