BILL · 1995–96 SESSION

SB 5165: Neg instruments/stat of limi

Revising the statute of limitations for negotiable instruments.

Summary

  • The statute of limitations for enforcing the obligation of a party to pay an unaccepted draft is extended to six years after the dishonor of the draft or ten years after the date of the draft, whichever period expires first.

From the Senate Bill Report (SB 5165), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 74, Laws of 1995
  1. IntroducedJan 13, 1995
  2. Out of committee
  3. Passed SenateMar 7, 1995
  4. Passed HouseApr 6, 1995
  5. Governor
  6. LawApr 18, 1995
Prime sponsor
Adam Smith (D-33)
Introduced
January 13, 1995 in the Senate
Last action
April 18, 1995
Session law
Chapter 74, Laws of 1995
Companion bill
HB 1257

Sponsors

Prime sponsor: Adam Smith (D-33)

Votes

Senate · Final Passage

March 7, 1995
Version voted on: SB 5165
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican24000
How each member voted

House · Final Passage

April 6, 1995
Version voted on: SB 5165
95 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat35001
Republican60001
How each member voted

Yea (95)

Excused (2)

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

SB 5165 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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