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Home » US Law » 2022 New York Laws » Consolidated Laws » CVP - Civil Practice Law and Rules » Article 2 - Limitations of Time » 213 – Actions to Be Commenced Within Six Years: Where Not Otherwise Provided For; on Contract; on Sealed Instrument; on Bond or Note, and Mortgage Upon Real
§  213.  Actions to be commenced within six years: where not otherwise
provided for; on contract; on sealed instrument; on bond  or  note,  and
mortgage  upon  real  property;  by  state  based on misappropriation of
public property; based on  mistake;  by  corporation  against  director,
officer  or  stockholder;  based on fraud. The following actions must be
commenced within six years:
  1. an action for which no limitation  is  specifically  prescribed  by
law;
  2.  an  action  upon a contractual obligation or liability, express or
implied, except as provided in section two  hundred  thirteen-a  or  two
hundred  fourteen-i  of  this  article  or  article  2  of  the  uniform
commercial code or article 36-B of the general business law;
  3. an action upon a sealed instrument;
  4. an action upon a bond or note, the payment of which is secured by a
mortgage upon real property, or upon a bond  or  note  and  mortgage  so
secured, or upon a mortgage of real property, or any interest therein;

(a) In any action on an instrument described under this subdivision, if the statute of limitations is raised as a defense, and if that defense is based on a claim that the instrument at issue was accelerated prior to, or by way of commencement of a prior action, a plaintiff shall be estopped from asserting that the instrument was not validly accelerated, unless the prior action was dismissed based on an expressed judicial determination, made upon a timely interposed defense, that the instrument was not validly accelerated.

(b) In any action seeking cancellation and discharge of record of an instrument described under subdivision four of section fifteen hundred one of the real property actions and proceedings law, a defendant shall be estopped from asserting that the period allowed by the applicable statute of limitation for the commencement of an action upon the instrument has not expired because the instrument was not validly accelerated prior to, or by way of commencement of a prior action, unless the prior action was dismissed based on an expressed judicial determination, made upon a timely interposed defense, that the instrument was not validly accelerated. 5. an action by the state based upon the spoliation or other misappropriation of public property; the time within which the action must be commenced shall be computed from discovery by the state of the facts relied upon; 6. an action based upon mistake; 7. an action by or on behalf of a corporation against a present or former director, officer or stockholder for an accounting, or to procure a judgment on the ground of fraud, or to enforce a liability, penalty or forfeiture, or to recover damages for waste or for an injury to property or for an accounting in conjunction therewith. 8. an action based upon fraud; the time within which the action must be commenced shall be the greater of six years from the date the cause of action accrued or two years from the time the plaintiff or the person under whom the plaintiff claims discovered the fraud, or could with reasonable diligence have discovered it. 9. an action by the attorney general pursuant to article twenty-three-A of the general business law or subdivision twelve of section sixty-three of the executive law.