31 CFR 16.47 – Limitations
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(a) The notice of hearing with respect to a claim or statement must be served in the manner specified in § 16.8 within 6 years after the date on which such claim or statement is made.
Terms Used In 31 CFR 16.47
- Answer: The formal written statement by a defendant responding to a civil complaint and setting forth the grounds for defense.
- Defendant: In a civil suit, the person complained against; in a criminal case, the person accused of the crime.
- Statute of limitations: A law that sets the time within which parties must take action to enforce their rights.
(b) If the defendant fails to file a timely answer, service of a notice under § 16.10(b) shall be deemed a notice of hearing for purposes of this section.
(c) The time limits of this statute of limitations may be extended by agreement of the parties.