Central Fidelity Bank v. Goode

BY JUDGE RICHARD S. MILLER

In the captioned cases, I will dismiss both the bill of complaint and the cross-bill for the reasons herein stated. I also rule that the applicable statute of limitations to Central Fidelity Bank’s claim to be five years under Code § 8.01-243(B).

Central Fidelity Bank's Claim Against Lewis B. Goode, Jr.

A. The Statute of Limitations

Whether the one-year limitation period of § 8.01-248 or the five-year limitation period of § 8.01-243(B) applies to a claim such as Central Fidelity Bank’s has not been decided in Virginia. No case law in any jurisdiction was found…