North Dakota Federal Court Rules That The "Discovery Rule" Does Not Apply To The UCC Three-Year Statute Of Limitations

LexisNexis (July 6, 2017, 2:46 PM EDT) -- In check and wire fraud cases, a bank's first line of defense is that the plaintiff's claim is barred by (1) the UCC three-year statute of limitations or (2) the one-year statute of repose.  In  a recent decision from North Dakota, the court has ruled, in a check fraud case, that the three-year UCC  statute of limitations  can't be extended by the "discovery rule."   Although this ruling is consistent with the weight of authority around the country, it is notable that North Dakota has now fallen...
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