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bill NO. _____________
INTRODUCED
BY _________________________________________________
By Request of the ****
A BILL FOR AN ACT ENTITLED: "AN ACT REVISING COVENANT LAWS; PROVIDING THAT THE 8-YEAR STATUTE OF LIMITATIONS FOR OBLIGATIONS ON A CONTRACT APPLIES TO COVENANTS; AND AMENDING SECTION 27-2-202, MCA."
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
Section 1. Section 27-2-202, MCA, is amended to read:
"27-2-202. Actions based on contract or other obligation. (1) The period prescribed for the commencement of an action upon on any contract, covenant, obligation, or liability founded upon on an instrument in writing is within 8 years.
(2) The period prescribed for the commencement of an action upon on a contract, account, or promise not founded on an instrument in writing is within 5 years.
(3) The period prescribed for the commencement of an action upon on an obligation or liability, other than a contract, account, or promise, not founded upon on an instrument in writing is within 3 years."