Promissory notes, bills of exchange, or written contracts for
payment of money
Sec. 9. An action upon promissory notes, bills of exchange, or
other written contracts for the payment of money executed after
August 31, 1982, must be commenced within six (6) years after the
cause of action accrues. An action upon promissory notes, bills of
exchange, and other written contracts for the payment of money
executed on or after September 19, 1881, and before September 1,
1982, must be commenced within ten (10) years after the cause of
action accrues. However, all contracts described in this section that
have been executed before September 19, 1881, may be enforced
within the time only as they have to run, before being barred under
the law in effect at the time of their executions limiting the
commencement of actions, and not afterward.
As added by P.L.1-1998, SEC.6.
Last modified: May 24, 2006