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Legislative Update

Actions on deposit accounts

March 28, 2024 Filed Under: Civil

S.E.A. 188, P.L. 77

Effective: July 1, 2024

Provides that an action upon a deposit account must be commenced not later than two years (instead of six years under current law) after the cause of action accrues, regardless of whether the action is brought by a depositor or a depository institution.

Read the bill at: https://iga.in.gov/legislative/2024/bills/senate/188

Filed Under: Civil Tagged With: statute of limitations

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