North Carolina’s extended Statue of Repose has been in effect since October 1, 2009. The House Commerce Committee unanimously voted to extend the statue of repose. The amendment states that all claims for defective products will be increased from six to twelve years for actions that accrue on or after October 1, 2009. Actions that accrued prior to October 1, 2009, the former statue of six years after the date of initial purchase or consumption will apply.
The six year statue of repose that North Carolina previously followed was the shortest period in the nation. This statue of repose barred a significant amount of claims, leaving many people without the compensation they deserved. The new twelve year statue of repose will positively impact many situations and North Carolina should expect to see a rise in defective product claims.