Time for commencement of action
Applied in 4 court decisions — leading case KPMG, Peat Marwick, LLP v. Carmel Financial Corp. (2003)
Most recently applied in 429 F. App'x 606 - Walter Morgan v. Ann Fennimore (July 2011)
As added by P.L.30-1993, SEC.7.
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Sec. 2. An action under this chapter must be commenced by the earlier of the following:
(1) One (1) year from the date the alleged act, omission, or neglect is discovered or should have been discovered by the exercise of reasonable diligence.
(2) Three (3) years after the service for which the suit is brought has been performed or the date of the initial issuance of the accountant's report on the financial statements or other information.
Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.