Majority
—In an action to recover on a promissory note, the plaintiff appeals from an order of the Supreme Court, Nassau County (Franco, J.), dated September 30, 1996, which granted the defendant’s motion for summary judgment dismissing the action as untimely.
Ordered that the order is affirmed, with costs.
The Supreme Court correctly applied New York law in determining whether this action was timely commenced (see, CPLR 202). The plaintiff does not dispute that the note in question was a demand note such that, under New York law, the six-year limitations period on an action to recover on the note began running at the time of its execution (see, CPLR 213; Phoenix Acquisition Corp. v Campcore, Inc., 81 NY2d 138 , 143; Bank of N. Y. v Bersani, 90 AD2d 302 ). Absent a toll or extension, the limitations period in this case expired on May 15, 1995, more than four months prior to commencement of this action.
Cases cited
- Phoenix Acquisition Corp. v. Campcore, Inc. 81 NY2d 138 at 143 p. 260
- Bank of New York v. Bersani 90 AD2d 302 p. 260
- Lew Morris Demolition Co. v. Board of Education 40 NY2d 516 at 521 p. 261
- National Westminster Bank USA v. Petito 202 AD2d 193 p. 261