Ohio SB157 reduces the statute of limitations for contract actions from six years to three years.

Ohio SB157 amends sections 2305.06 and 2305.07 of the Revised Code, reducing the statute of limitations for contract actions from six years to three years. This change applies to actions arising from written or oral contracts, including those for personal, family, or household purposes. The bill repeals existing sections and sets new time limits for initiating legal actions based on contracts.

Ohio SB157 reduces the statute of limitations for contract actions from six years to three years.

Ohio SB157 amends sections 2305.06 and 2305.07 of the Revised Code, reducing the statute of limitations for contract actions from six years to three years. This change applies to actions arising from written or oral contracts, including those for personal, family, or household purposes. The bill repeals existing sections and sets new time limits for initiating legal actions based on contracts.