New York State Court Clerk Practice Exam 2026 – The All-in-One Guide to Master Your Court Clerk Certification!

Question: 1 / 400

What is the statute of limitations for larceny in violation of a fiduciary duty?

Within 6 months of discovery

Within 1 year of discovery

The statute of limitations for larceny in violation of a fiduciary duty is set at one year from the time the wrongdoing is discovered. This timeline reflects the legal principle that individuals should promptly pursue claims once they become aware of potential wrongdoing or fraud, particularly in matters involving fiduciary relationships. These relationships often involve trust and responsibility, and the law aims to protect the integrity of such arrangements by encouraging timely reporting and resolution of breaches.

In the context of fiduciary duties, the one-year statute of limitations serves to balance the need for establishing accountability while also acknowledging the potential complexities in discovering violations, especially when a fiduciary is involved. Consequently, if someone were to discover that another party had committed larceny in violation of their fiduciary duties, they would have one year to file a claim.

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Within 2 years of discovery

Within 3 years of discovery

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