Senate Judiciary Approves Statute of Repose Bill

The TBA bill enacting a five-year statute of repose for lawyer and accountant malpractice actions, SB 1506, was recommended for passage by the Senate Judiciary Committee by a 7–0–1 vote today. The bill, sponsored by Committee Chair Brian Kelsey, makes explicit the common law exception for fraudulent concealment and applies prospectively only to acts or omissions giving rise to the professional responsibility. For more information visit TBAImpact.