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.