Chapter 17-6 Six-Year Statute of Limitations
Jurisdiction | United States |
17-6 Six-Year Statute of Limitations
The Texas Business & Commerce Code applies a six-year limitations period to the following actions related to negotiable instruments:
• Action to enforce the obligation of a party to pay a note payable at a definite time must be commenced within six years after the due date or dates stated in the note, or, if a due date is accelerated, within six years after the accelerated due date31...
• Action to enforce the obligation of a party to pay the note if demand for payment is made to the maker
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