This week, the Senate Judiciary Committee received testimony on Senate Bill 13, introduced by Sen. George Lang (R-West Chester). A re-introduction of legislation that stalled at the end of the last General Assembly, SB 13 would reduce the statute of limitations for oral and written contracts. Under the bill, the statute of limitations for written contracts would be reduced from the current eight years to six; for oral contracts, it would be reduced from six years to four.
In its proponent testimony, the OMA wrote: “The bill provides greater predictability and certainty for businesses and would benefit Ohio’s business climate for manufacturing.”
The OMA also provided proponent testimony through the Ohio Alliance for Civil Justice, of which the OMA is a member. The committee is expected to quickly advance the measure to the full Senate. 1/28/2021