Ark. Code Ann. § 4-88-115 (2020)
Statute of limitations
Any civil action brought to enforce the provisions of this chapter may be brought in any court of competent jurisdiction in this state during a period of five (5) years commencing on the date of the occurrence of the violation or the date upon which the cause of action arises.
History. Acts 1993, No. 910, § 2.
Case Notes
Doctrine of Fraudulent Concealment.
Plaintiff's action was properly dismissed because his claims were clearly time-barred under §§ 16-56-111, 16-56-105, and this section, and by failing to allege when and how he discovered defendant's alleged fraud, plaintiff failed to meet his burden under Fed. R. Civ. P. 9(b), (f) of sufficiently pleading that the doctrine of fraudulent concealment saved his otherwise time-barred claims. Summerhill v. Terminix, Inc., 637 F.3d 877 (8th Cir. 2011).
Statute of Limitations.
Claims by mineral lessors, including under the Arkansas Deceptive Trade Practices Act, § 4-88-101 et seq., were properly dismissed as time-barred under § 16-56-105 and this section where they were brought more than five years after the leases were executed; fraud was not sufficiently shown for purposes of tolling. Hipp v. Vernon L. Smith & Assocs., 2011 Ark. App. 611, 386 S.W.3d 526 (2011).
In a creditor's breach of contract suit arising from cross-defaulted loan agreements, counterclaims asserting causes of action for fraud, breach of fiduciary duty, negligence, breach of contract, and deceptive trade practices were time-barred. Bank of Am., N.A. v. JB Hanna, LLC, 766 F.3d 841 (8th Cir. 2014).