Bill Summary for S 393 (2013-2014)

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Bill: CONSTRUCTIVE FRAUD/LIMITATIONS PERIOD.

Summary date: 

Jun 4 2013

Bill Information:

View NCGA Bill Details2013-2014 Session
Senate Bill 393 (Public) Filed Thursday, March 21, 2013
A BILL TO BE ENTITLED AN ACT RELATING TO THE LIMITATIONS PERIOD FOR ACTIONS ON THE GROUND OF CONSTRUCTIVE FRAUD.
Intro. by Clodfelter.

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Bill summary

House amendments to the 1st edition make the following changes.

Amendment #1 amends GS 1-52(9) to provide that in cases of constructive fraud, discovery is defined as actual discovery.

Amendment #2 changes the act's effective date from when the act became law to October 1, 2013, applying to causes of action accruing on or after that date.