Can a borrowed state statute of limitations be tolled in a claim based on a federal statute?

MultiRegion, United States of America

The following excerpt is from Meyer v. Frank, 550 F.2d 726 (2nd Cir. 1977):

We may in applying federal law to a claim based on a federal statute prevent a result that would substantially impair a valid federal interest. Thus a borrowed state statute of limitations may be tolled in conformity with federal doctrine where the right is the creature of federal statute, Holmberg v. Ambrecht, 327 U.S. 392, 66 S.Ct. 582, 90 L.Ed. 743 (1946) . . . .

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