statute barred definition

statute barred

Action, agreement, claim, obligation, or right that can no longer be the subject of a legal action because the time limit imposed by the limitations act (see statute of limitations) has been exceeded. See also laches.

statute barred is in the Corporate, Commercial, & General Law subject.

statute barred appears in the definitions of the following terms: nonclaim and statutory bar

This content can be found on the following page:

http://www.businessdictionary.com/definition/statute-barred.html