Acts and Regulations

L-8.5 - Limitation of Actions Act

Section 11
Disposition versions

Full text
Demand loans
11No claim that is based on a failure to repay a demand loan shall be brought after the earlier of
(a) two years from the day default in repayment occurs after the demand for repayment is made, and
(b) fifteen years from the day on which the lender is first entitled to make a demand for repayment of the loan.
Demand loans
11No claim that is based on a failure to repay a demand loan shall be brought after the earlier of
(a) two years from the day default in repayment occurs after the demand for repayment is made, and
(b) fifteen years from the day on which the lender is first entitled to make a demand for repayment of the loan.