{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.3A-118.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.3A-118.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.3A-118.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.3A-118.html"}],"law_id":84675,"edition_id":1,"section_id":84675,"structure_id":13868,"section_number":"8.3A-118","catch_line":"Statute of limitations","history":"1992, c. 693; 2017, cc. 83, 640.","full_text":"a\n\nExcept as provided in subsection (e), an 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 date.b\n\nExcept as provided in subsection (d) or (e), if demand for payment is made to the maker of a note payable on demand, an action to enforce the obligation of a party to pay the note must be commenced within six years after the demand. If no demand for payment is made to the maker, an action to enforce the note is barred if neither principal nor interest on the note has been paid for a continuous period of ten years.c\n\nExcept as provided in subsection (d), an action to enforce the obligation of a party to an unaccepted draft to pay the draft must be commenced within three years after dishonor of the draft or ten years after the date of the draft, whichever period expires first.d\n\nAn action to enforce the obligation of the acceptor of a certified check or the issuer of a teller’s check, cashier’s check, or traveler’s check must be commenced within three years after demand for payment is made to the acceptor or issuer, as the case may be.e\n\nAn action to enforce the obligation of a party to a certificate of deposit to pay the instrument must be commenced within six years after demand for payment is made to the maker, but if the instrument states a due date and the maker is not required to pay before that date, the six-year period begins when a demand for payment is in effect and the due date has passed.f\n\nAn action to enforce the obligation of a party to pay an accepted draft, other than a certified check, must be commenced (i) within six years after the due date or dates stated in the draft or acceptance if the obligation of the acceptor is payable at a definite time, or (ii) within six years after the date of the acceptance if the obligation of the acceptor is payable on demand.g\n\nUnless governed by other law regarding claims for indemnity or contribution, an action (i) for conversion of an instrument, for money had and received, or like action based on conversion, (ii) for breach of warranty, or (iii) to enforce an obligation, duty, or right arising under this title and not governed by this section must be commenced within three years after the cause of action accrues.h\n\nNotwithstanding the provisions of § 8.01-246, this section shall apply to negotiable and non-negotiable notes and certificates of deposit.","order_by":null,"text":{"0":{"id":303483,"text":"Except as provided in subsection (e), an 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 date.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":303484,"text":"Except as provided in subsection (d) or (e), if demand for payment is made to the maker of a note payable on demand, an action to enforce the obligation of a party to pay the note must be commenced within six years after the demand. If no demand for payment is made to the maker, an action to enforce the note is barred if neither principal nor interest on the note has been paid for a continuous period of ten years.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a","next_prefix":"c"},"2":{"id":303485,"text":"Except as provided in subsection (d), an action to enforce the obligation of a party to an unaccepted draft to pay the draft must be commenced within three years after dishonor of the draft or ten years after the date of the draft, whichever period expires first.","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b","next_prefix":"d"},"3":{"id":303486,"text":"An action to enforce the obligation of the acceptor of a certified check or the issuer of a teller’s check, cashier’s check, or traveler’s check must be commenced within three years after demand for payment is made to the acceptor or issuer, as the case may be.","type":"section","prefixes":["d"],"prefix":"d","entire_prefix":"d","prefix_anchor":"d","level":1,"prior_prefix":"c","next_prefix":"e"},"4":{"id":303487,"text":"An action to enforce the obligation of a party to a certificate of deposit to pay the instrument must be commenced within six years after demand for payment is made to the maker, but if the instrument states a due date and the maker is not required to pay before that date, the six-year period begins when a demand for payment is in effect and the due date has passed.","type":"section","prefixes":["e"],"prefix":"e","entire_prefix":"e","prefix_anchor":"e","level":1,"prior_prefix":"d","next_prefix":"f"},"5":{"id":303488,"text":"An action to enforce the obligation of a party to pay an accepted draft, other than a certified check, must be commenced (i) within six years after the due date or dates stated in the draft or acceptance if the obligation of the acceptor is payable at a definite time, or (ii) within six years after the date of the acceptance if the obligation of the acceptor is payable on demand.","type":"section","prefixes":["f"],"prefix":"f","entire_prefix":"f","prefix_anchor":"f","level":1,"prior_prefix":"e","next_prefix":"g"},"6":{"id":303489,"text":"Unless governed by other law regarding claims for indemnity or contribution, an action (i) for conversion of an instrument, for money had and received, or like action based on conversion, (ii) for breach of warranty, or (iii) to enforce an obligation, duty, or right arising under this title and not governed by this section must be commenced within three years after the cause of action accrues.","type":"section","prefixes":["g"],"prefix":"g","entire_prefix":"g","prefix_anchor":"g","level":1,"prior_prefix":"f","next_prefix":"h"},"7":{"id":303490,"text":"Notwithstanding the provisions of § 8.01-246, this section shall apply to negotiable and non-negotiable notes and certificates of deposit.","type":"section","prefixes":["h"],"prefix":"h","entire_prefix":"h","prefix_anchor":"h","level":1,"prior_prefix":"g"}},"ancestry":[{"id":13868,"edition_id":1,"name":"General Provisions and Definitions","identifier":"1","label":"part","depth":2,"order_by":1,"parent_id":13054,"metadata":{},"date_created":"2026-06-26 03:46:08","date_modified":"2026-06-26 03:46:08","permalink":{"id":282707,"object_type":"structure","relational_id":13868,"identifier":"1","token":"8.3A\/1","url":"\/8.3A\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13054,"edition_id":1,"name":"Commercial Code \u2014 Negotiable Instruments","identifier":"8.3A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:11","date_modified":"2026-06-26 03:44:11","permalink":{"id":282705,"object_type":"structure","relational_id":13054,"identifier":"8.3A","token":"8.3A","url":"\/8.3A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":83834,"structure_id":13868,"section_number":"8.3A-101","catch_line":"Short title","url":"\/8.3A-101\/","token":"8.3A\/1\/8.3A-101","metadata":false},{"id":65615,"structure_id":13868,"section_number":"8.3A-102","catch_line":"Subject matter","url":"\/8.3A-102\/","token":"8.3A\/1\/8.3A-102","metadata":false},{"id":77332,"structure_id":13868,"section_number":"8.3A-103","catch_line":"Definitions","url":"\/8.3A-103\/","token":"8.3A\/1\/8.3A-103","metadata":false},{"id":82039,"structure_id":13868,"section_number":"8.3A-104","catch_line":"Negotiable instrument","url":"\/8.3A-104\/","token":"8.3A\/1\/8.3A-104","metadata":false},{"id":71271,"structure_id":13868,"section_number":"8.3A-105","catch_line":"Issue of 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payable","url":"\/8.3A-110\/","token":"8.3A\/1\/8.3A-110","metadata":false},{"id":59225,"structure_id":13868,"section_number":"8.3A-111","catch_line":"Place of payment","url":"\/8.3A-111\/","token":"8.3A\/1\/8.3A-111","metadata":false},{"id":81552,"structure_id":13868,"section_number":"8.3A-112","catch_line":"Interest","url":"\/8.3A-112\/","token":"8.3A\/1\/8.3A-112","metadata":false},{"id":78239,"structure_id":13868,"section_number":"8.3A-113","catch_line":"Date of instrument","url":"\/8.3A-113\/","token":"8.3A\/1\/8.3A-113","metadata":false},{"id":69384,"structure_id":13868,"section_number":"8.3A-114","catch_line":"Contradictory terms of instrument","url":"\/8.3A-114\/","token":"8.3A\/1\/8.3A-114","metadata":false},{"id":87003,"structure_id":13868,"section_number":"8.3A-115","catch_line":"Incomplete instrument","url":"\/8.3A-115\/","token":"8.3A\/1\/8.3A-115","metadata":false},{"id":77257,"structure_id":13868,"section_number":"8.3A-116","catch_line":"Joint and several liability; contribution","url":"\/8.3A-116\/","token":"8.3A\/1\/8.3A-116","metadata":false},{"id":58091,"structure_id":13868,"section_number":"8.3A-117","catch_line":"Other agreements affecting instrument","url":"\/8.3A-117\/","token":"8.3A\/1\/8.3A-117","metadata":false},{"id":84675,"structure_id":13868,"section_number":"8.3A-118","catch_line":"Statute of limitations","url":"\/8.3A-118\/","token":"8.3A\/1\/8.3A-118","metadata":false},{"id":60697,"structure_id":13868,"section_number":"8.3A-118.1","catch_line":"Statute of limitations on deposit accounts and certificates of deposit","url":"\/8.3A-118.1\/","token":"8.3A\/1\/8.3A-118.1","metadata":false},{"id":62088,"structure_id":13868,"section_number":"8.3A-119","catch_line":"Notice of right to defend action","url":"\/8.3A-119\/","token":"8.3A\/1\/8.3A-119","metadata":false}],"previous_section":{"id":58091,"structure_id":13868,"section_number":"8.3A-117","catch_line":"Other agreements affecting instrument","url":"\/8.3A-117\/","token":"8.3A\/1\/8.3A-117","metadata":false},"next_section":{"id":60697,"structure_id":13868,"section_number":"8.3A-118.1","catch_line":"Statute of limitations on deposit accounts and certificates of deposit","url":"\/8.3A-118.1\/","token":"8.3A\/1\/8.3A-118.1","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.3A-118\/","history_text":"

This law was first created in 1992. The record of its establishment is cataloged in chapter 693 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1992 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2017, chapters 83<\/a> and 640<\/a>.<\/p>","references":[{"id":60697,"section_number":"8.3A-118.1","catch_line":"Statute of limitations on deposit accounts and certificates of deposit","order_by":null,"url":"\/8.3A-118.1\/"}],"refers_to":[{"id":71139,"section_number":"8.01-246","catch_line":"Personal actions based on contracts","order_by":null,"url":"\/8.01-246\/"}],"permalink":{"id":282777,"object_type":"law","relational_id":84675,"identifier":"8.3A-118","token":"8.3A\/1\/8.3A-118","url":"\/8.3A-118\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.3A-118\/","token":"8.3A\/1\/8.3A-118","dublin_core":{"Title":"Statute of limitations","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.3A-118","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Except as provided in subsection (e), an action to enforce the obligation of a party<\/span> 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 date. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Except as provided in subsection (d) or (e), if demand for payment is made to the maker of a note payable on demand, an action to enforce the obligation of a party<\/span> to pay the note must be commenced within six years after the demand. If no demand for payment is made to the maker, an action to enforce the note is barred if neither principal nor interest on the note has been paid for a continuous period of ten years. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> Except as provided in subsection (d), an action to enforce the obligation of a party<\/span> to an unaccepted draft to pay the draft must be commenced within three years after dishonor of the draft or ten years after the date of the draft, whichever period expires first. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

d.<\/span> An action to enforce the obligation of the acceptor of a certified check or the issuer of a teller’s check, cashier’s check, or traveler’s check must be commenced within three years after demand for payment is made to the acceptor or issuer, as the case may be. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

e.<\/span> An action to enforce the obligation of a party<\/span> to a certificate of deposit to pay the instrument must be commenced within six years after demand for payment is made to the maker, but if the instrument states a due date and the maker is not required to pay before that date, the six-year period begins when a demand for payment is in effect and the due date has passed. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

f.<\/span> An action to enforce the obligation of a party<\/span> to pay an accepted draft, other than a certified check, must be commenced (i) within six years after the due date or dates stated in the draft or acceptance if the obligation of the acceptor is payable at a definite time, or (ii) within six years after the date of the acceptance if the obligation of the acceptor is payable on demand. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

g.<\/span> Unless governed by other law<\/span> regarding claims for indemnity or contribution, an action (i) for conversion of an instrument, for money had and received, or like action based on conversion, (ii) for breach of warranty, or (iii) to enforce an obligation, duty, or right arising under this title and not governed by this section must be commenced within three years after the cause of action<\/span> accrues. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

h.<\/span> Notwithstanding the provisions of § 8.01-246<\/a>, this section shall apply to negotiable and non-negotiable notes and certificates of deposit. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nSTATUTE OF LIMITATIONS (\u00a7 8.3A-118)\n\na. Except as provided in subsection (e), an action to enforce the obligation of\na party to pay a note payable at a definite time must be commenced within six\nyears after the due date or dates stated in the note or, if a due date is\naccelerated, within six years after the accelerated due date.\n\nb. Except as provided in subsection (d) or (e), if demand for payment is made to\nthe maker of a note payable on demand, an action to enforce the obligation of a\nparty to pay the note must be commenced within six years after the demand. If no\ndemand for payment is made to the maker, an action to enforce the note is barred\nif neither principal nor interest on the note has been paid for a continuous\nperiod of ten years.\n\nc. Except as provided in subsection (d), an action to enforce the obligation of\na party to an unaccepted draft to pay the draft must be commenced within three\nyears after dishonor of the draft or ten years after the date of the draft,\nwhichever period expires first.\n\nd. An action to enforce the obligation of the acceptor of a certified check or\nthe issuer of a teller’s check, cashier’s check, or traveler’s\ncheck must be commenced within three years after demand for payment is made to\nthe acceptor or issuer, as the case may be.\n\ne. An action to enforce the obligation of a party to a certificate of deposit to\npay the instrument must be commenced within six years after demand for payment\nis made to the maker, but if the instrument states a due date and the maker is\nnot required to pay before that date, the six-year period begins when a demand\nfor payment is in effect and the due date has passed.\n\nf. An action to enforce the obligation of a party to pay an accepted draft,\nother than a certified check, must be commenced (i) within six years after the\ndue date or dates stated in the draft or acceptance if the obligation of the\nacceptor is payable at a definite time, or (ii) within six years after the date\nof the acceptance if the obligation of the acceptor is payable on demand.\n\ng. Unless governed by other law regarding claims for indemnity or contribution,\nan action (i) for conversion of an instrument, for money had and received, or\nlike action based on conversion, (ii) for breach of warranty, or (iii) to\nenforce an obligation, duty, or right arising under this title and not governed\nby this section must be commenced within three years after the cause of action\naccrues.\n\nh. Notwithstanding the provisions of § 8.01-246, this section shall apply\nto negotiable and non-negotiable notes and certificates of deposit.\n\nHISTORY: 1992, c. 693; 2017, cc. 83, 640.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}