This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.

Illinois — Statute of Limitations

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5 years

Statute of limitations for breach of fiduciary duty

735 ILCS 5/13-202

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Incident Date

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Breach Of Fiduciary Duty Statute Of Limitations in Illinois

The Illinois breach of fiduciary duty statute of limitations is governed by 735 ILCS 5/13-202, which establishes a two-year limitations period for such claims. This statute applies to actions seeking recovery for an alleged breach of a fiduciary obligation, setting the timeframe within which a plaintiff must initiate legal proceedings. The two-year period generally begins to run from the date the cause of action accrues, though the statute may provide for specific discovery rules or tolling provisions that affect the calculation. A worked example below demonstrates how the two-year period applies under this rule. The official source contains the exact statutory language and any applicable exceptions. For a result tailored to specific facts, the DocketMath calculator can estimate the relevant limitations date.

Governing authority

In Illinois, the statute of limitations rule is set by 735 ILCS 5/13-202. The verified packet cites 735 ILCS 5/13-202 (https://www.ilga.gov/Documents/legislation/ilcs/documents/073500050K13-202.htm).

Deadline example

For a Illinois breach of fiduciary duty limitations check, use the verified limitations period from the current rule packet: 2 years. The authority packet cites 735 ILCS 5/13-202 (https://www.ilga.gov/Documents/legislation/ilcs/documents/073500050K13-202.htm).

Example inputs:

• Accrual date: 2024-04-25
• Filing date checked: 2026-04-25

Calculation:

• Start with the accrual date.
• Add 2 years.
• The example deadline is 2026-04-25.

This example is generated from the verified facts packet rather than freeform prose. Confirm tolling, discovery rules, and claim-specific exceptions before relying on the date.

Estimate your own result: every situation has exceptions that can change the outcome. Use the breach of fiduciary duty statute of limitations calculator to estimate your specific figure.

This page provides general legal information and calculation tools, not legal advice. DocketMath is not a law firm and does not provide legal representation, and using this site does not create an attorney-client relationship. Laws change and exceptions apply, so deadlines and amounts specific to your situation should be confirmed with a licensed attorney in your jurisdiction.