Vermont Statutes Annotated

Vt. Stat. Ann. tit. 12, § 508 (2026)

Witnessed promissory note

✓ current as of May 2026

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Subchapter 002 : ACTIONS LIMITED

(Cite as: 12 V.S.A. § 508)

§ 508. Witnessed promissory note

An action brought on a promissory note signed in the presence of an attesting witness shall be commenced within 14 years after the cause of action accrues, and not after.

Notes of Decisions

Cited in 4 cases, 2017–2018 · leading case: C. Wayne Clark v. Richard A. DiStefano, 195 A.3d 379 (Vt. 2018).

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C. Wayne Clark v. Richard A. DiStefano, 195 A.3d 379 (Vt. 2018). · cites it 5× “§ 3-118(b), rather than the fourteen-year statute of limitations for witnessed promissory notes, located in 12 V.S.A. § 508. We affirm. ¶ 2. The undisputed facts and disputed facts viewed in favor of Clark, as the nonmoving party, are as follows.”

Clark v. DiStefano (Vt. Super. Ct. 2018). · cites it 7× “Plaintiff claims the Promissory Note is a witnessed promissory note that is subject to the 12 V.S.A. § 508 fourteen-year limitations period and is thus timely.”

Annette M. Besaw, Tr. of the Revocable Living Trust of Ernest P. Giroux v. Bryan Giroux, 205 A.3d 518 (Vt. 2018). “Trustee opposed grandson's motion for summary judgment, arguing, among other things, that the fourteen-year statute of limitations under 12 V.S.A. § 508 for witnessed promissory notes applied, and that the statute did not start running until 2013, when trustee sent father the…”

Besaw v. Giroux (Vt. Super. Ct. 2017). · cites it 2× “Because Raymond signed the Secured Promissory Note in the presence of an attesting witness, Annette points out that a suit under the Promissory Note is subject to the 14-year statute of limitations set forth in 12 V.S.A. § 508, a contention that Bryan does not dispute.”

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