STATUTE OF LIMITATIONS
Open Acct.: 4
Oral Contract: 4
Written Contract: 5
4 Years Oral/Open Contracts: §5-217
5 YearsWritten Contracts; §5-216
PROCEEDINGS IN CIVIL ACTIONS
LIMITATION OF ACTIONS
§ 5-217. ACTION ON ORAL CONTRACT. Within four (4) years: An action upon a contract, obligation or liability not founded upon an instrument of writing.
§ 5-216. ACTION ON WRITTEN CONTRACT. Within five (5) years: An action upon any contract, obligation or liability founded upon an instrument in writing.
§ 5-222. ACTIONS ON OPEN ACCOUNTS -- ACCRUAL OF CAUSE. In an action brought to recover a balance due upon a mutual, open and current account, where there have been reciprocal demands between the parties, the cause of action is deemed to have accrued from the time of the last item proved in the account on either side.