The Grandfather Clause - CCIOA's Statute of Limitations on Certain Enforcement Actions

According to the Encyclopedia Brittanica, statutes of limitation (a legislative act restricting the time within which legal proceedings may be brought, usually to a fixed period after the occurrence of the events that gave rise to the cause of action) are generally enacted to protect persons against claims made after disputes have become stale, evidence has been lost, memories have faded, or witnesses have disappeared. Amongst common interest communities, the same holds true.