§ 19253. — 19253. (Added by Stats. 1991, Ch. 992, Sec. 3.)

(a)
A claim barred by the statute of limitations may not be allowed by the trustee.
(b)
The filing of a claim tolls the statute of limitations otherwise applicable to the claim until the trustee gives notice of allowance or rejection.
(c)
The allowance of a claim further tolls the statute of limitations as to the part of the claim allowed until the allowed portion of the claim is paid.
(d)
Notwithstanding the statute of limitations otherwise applicable to a claim, if an action on a rejected claim is not commenced or if the matter is not referred to a referee or to arbitration within the time prescribed in Section 19255, it is forever barred.

Legislative History

Added by Stats. 1991, Ch. 992, Sec. 3.