Dictionary

statute of repose en · NOUN

Meanings

1. A law that sets a time limit for legal liability starting from the occurrence of a specified act (typically completion of a product or point of sale).
   • Statutes of repose are a compromise of the interests of consumers on the one hand and of manufacturers and sellers on the other. 2011, Donald L. Carper, John A. McKinsey, Understanding the Law, →ISBN, page 334:
   • Although twenty-two states have adopted a product liability statute of repose, these statutes frequently provide little if any comfort to a product manufacturer. For a statute of repose to offer true repose, it must provide a basis for a defendant to move to dismiss or for summary judgment. 2016, John S. Allee, Theodore V. H. Mayer, Robb W. Patryk, Product Liability, →ISBN, page 8-84:
   • Therefore, a plaintiff's cause of action may be extinguished by the statute of repose before the applicable statute of limitations time period expires, and a statute of repose may start running before a plaintiff's cause of action accrues. 2007, D. Alan Rudlin, Toxic Tort Litigation, →ISBN, page 74:

Forms

Synonyms

nonclaim statute