General Obligations Law 17-101 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search up TITLE 1 Obligations Barred By Statutes of Limitation next SECTION 17-103 Agreements waiving the statute of limitation Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 17-101 Acknowledgment or new promise must be in writing General Obligations (GOB) CHAPTER 24-A, ARTICLE 17, TITLE 1 § 17-101. Acknowledgment or new promise must be in writing. An acknowledgment or promise contained in a writing signed by the party to be charged thereby is the only competent evidence of a new or continuing contract whereby to take an action out of the operation of the provisions of limitations of time for commencing actions under the civil practice law and rules other than an action for the recovery of real property. This section does not alter the effect of a payment of principal or interest.