The Arizona statutes of limitations for various actions are set forth below. One Year – Malicious prosecution, false imprisonment, libel or slander.Multiple courts have held that statutes of limitations simply do not apply in an arbitration proceeding without some contractual provision. 1. Establish jurisdictional limits of not to exceed sixty-five thousand dollars for submission of disputes to arbitration. 2. Require arbitration in all cases. The statute explicitly excludes the notice-of-claim process established in. A.R.S. § 12-821.01, as well as arbitration under the Uniform Arbitration Act. The Circuit Court, agreeing with the court below, held that the threemonth window in § 12 could be equitably tolled in the appropriate circumstances. A statute of limitations sets a time limit for someone to file a lawsuit, or lose the right to do so.