The period of limitation applicable to a claim accruing outside of this state shall be that prescribed either by the law of the place where the claim accrued or by the law of this state, whichever last bars the claim.

Laws 1965, SB 124, c. 98, § 2; Amended by Laws 1970, HB 1507, c. 31, § 1, emerg. eff. February 24, 1970