Borrowing Statute Law and Legal Definition
Borrowing statute refers to a statute stating that an action or claim which is being barred by a foreign limitation statute will also be barred in the forum. The applicable foreign limitation is typically that of the place where the cause of action arises. Thus, under the statute, the forum borrows the foreign limitation.
The purpose of borrowing statutes is to prevent plaintiffs from engaging in forum shopping in order to find the longest available statute of limitations.
