2010 Maryland Code
COURTS AND JUDICIAL PROCEEDINGS
TITLE 5 - LIMITATIONS, PROHIBITED ACTIONS, AND IMMUNITIES
Subtitle 1 - Limitations
Section 5-102 - Specialties.
§ 5-102. Specialties.
(a) Twelve-year limitation.- An action on one of the following specialties shall be filed within 12 years after the cause of action accrues, or within 12 years from the date of the death of the last to die of the principal debtor or creditor, whichever is sooner:
(1) Promissory note or other instrument under seal;
(2) Bond except a public officer's bond;
(5) Contract under seal; or
(6) Any other specialty.
(b) Suspension of time.- A payment of principal or interest on a specialty suspends the operation of this section as to the specialty for three years after the date of payment.
(c) Exception.- This section does not apply to a specialty taken for the use of the State.
[An. Code 1957, art. 57, § 3; 1973, 1st Sp. Sess., ch. 2, § 1.]
Disclaimer: These codes may not be the most recent version. Maryland may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.