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LIMITATION ACT 2005 - SECT 47

LIMITATION ACT 2005 - SECT 47

47 .         Limitation period extended by confirmation

                If a cause of action lies against a person (either solely or with other persons) and the person confirms the cause of action —

            (a)         after the limitation period provided for under this Act for the cause of action begins to run; and

            (b)         before that limitation period expires,

                the time during which the limitation period runs before the confirmation is made does not count in the reckoning of the limitation period for an action on the cause of action by a person having the benefit of the confirmation against a person bound by the confirmation.