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Posted by jm10101
(188.8.131.52) on September 19, 2002 at 17:10:20:
In Reply to: Re: Collection limits on OC posted by Why Chat on September 19, 2002 at 14:43:10:
Here is what I found: Number 3 has me a bit worried...Could you help explain it?
CHAPTER 260. LIMITATION OF ACTIONS.
Chapter 260: Section 1. Limitation of personal actions; twenty years.
Section 1. The following actions shall be commenced only within twenty years next after the cause of action accrues:
First, Actions upon contracts under seal.
Second, Actions upon bills, notes or other evidences of indebtedness issued by a bank.
Third, Actions upon promissory notes signed in the presence of an attesting witness, if brought by the original payee or by his executor or administrator.
Fourth, Actions upon contracts not limited by the following section or by any other law.
Fifth, Actions under section thirty-two of chapter one hundred and twenty-three to recover for the support of inmates in state institutions.
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