The periods of prescription of debts shall be the following:
| (a) |
thirty years in respect of— |
| (i) |
any debt secured by mortgage bond; |
| (iii) |
any debt in respect of any taxation imposed or levied by or under any law; |
| (iv) |
any debt owed to the State in respect of any share of the profits, royalties or any similar consideration payable in respect of the right to mine minerals or other substances; |
| (b) |
fifteen years in respect of any debt owed to the State and arising out of an advance or loan of money or a sale or lease of land by the State to the debtor, unless a longer period applies in respect of the debt in question in terms of paragraph (a); |
| (c) |
six years in respect of a debt arising from a bill of exchange or other negotiable instrument or from a notarial contract, unless a longer period applies in respect of the debt in question in terms of paragraph (a) or (b); |
| (d) |
save where an Act of Parliament provides otherwise, three years in respect of any other debt. |
Contingency Fees Act, 1997
