Section 10: Limitation period

Actions for recourse by the bearer against the endorsers, the drawer and the other obligees shall be barred after six months from the expiry of the time limit for presentation. Actions for recourse by the various persons liable for payment of a cheque against each other shall be time-barred after six months from the day on which the person liable repaid the cheque or from the day on which he…

Limitation periods in the case of legal proceedings only run from the date of the last legal action. They do not apply if there has been a conviction or if the debt has been recognised by a separate act. The interruption of prescription has effect only against the person in respect of whom the interruptive act was performed. Nevertheless, the alleged debtors are obliged, if so requested, to affirm on…