Outlawed. An outlawed account or claim is one upon which suit is barred by the statute of
limitations ; it is an account or claim which the creditor has so long delayed in enforcing that the
courts, acting under the statute, decline to assist him in collecting it. In an ordinary contract,
obligation or liability in New York state suit must be brought within six years from the last payment
upon it of principal or interest or within six years from the last date upon which the debtor
acknowledged his liability.
limitations ; it is an account or claim which the creditor has so long delayed in enforcing that the
courts, acting under the statute, decline to assist him in collecting it. In an ordinary contract,
obligation or liability in New York state suit must be brought within six years from the last payment
upon it of principal or interest or within six years from the last date upon which the debtor
acknowledged his liability.
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