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LIMITATION ACT 1969 - SECT 64
Account
64 Account
(1) Subject to subsection (2), on the expiration of a limitation period fixed
by or under this Act for a cause of action for an account founded on a
liability at law to account in respect of any matter, the right and title of
the person formerly having the cause of action and of a person claiming
through the person in respect of that matter is, as against the person against
whom the cause of action formerly lay and as against the person's successors,
extinguished.
(2) Where, before the expiration of a limitation period fixed
by or under this Act for a cause of action for an account founded on a
liability at law to account in respect of any matter, an action is brought on
the cause of action, the expiration of the limitation period does not affect
the right or title of the plaintiff in respect of that matter-- (a) for the
purposes of the action, or
(b) so far as the right or title is established in
the action.
(3) This section does not apply to a cause of action to which
section 65 applies.
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