In Minihane v. Brown, 2026 N.Y. Slip Op. 01505 (2d Dept. Mar. 18, 2026), the Appellate Division, Second Department, addressed when the statute of limitations begins to run on a demand promissory note.

Promissory notes are used in a variety of transactions and can be used by small business owners to fund business activities. If your lender requires you to sign the promissory note in your own name, ...

For early-stage companies in particular, these contracts can prove key to raising new capital. You have to spend money to make money, as the old saying goes. But sometimes you have to borrow money to ...

Chasing after an unpaid debt while trying to run a small business can be a challenge. A delinquent promissory note may result in a dip in revenue for your company and additional collection efforts for ...

While it is common knowledge in New York that the statute of limitations to collect a debt is six years from the time of acceleration, in a recent decision the Appellate Division, Third Judicial ...