(a) Jurisdiction and due process required. A court of this state may not give any force or effect to any foreign judgment in connection with hostile litigation if the court that issued the foreign judgment did not:
(1) Have personal jurisdiction over the defendant;
(2) Have jurisdiction over the subject matter; or
(3) Provide due process of law.
(b) Limitations period. Notwithstanding any provision of law to the contrary, an action on a foreign judgment in connection with hostile litigation must be commenced by filing a new and independent action on the judgment within five (5) years of the foreign judgment.