World Surveillance Group Inc (fka WSGI)

[be_real]

First off, it depends on the state. Assuming it's Florida, I think it's 5 years.??


Found this on promissory notes:

Under Florida Law, A "Promissory Note" is considered a contract and the nonpayment of the promissory Note is a breach of contract. Under Florida Statutes Section 95.11(2)(b) there is a five-year Statute of Limitations for commencing an action for the nonpayment of the Promissory Note. The five-year period begins to run when the cause of action accrues, this would be when the debtor defaults under the Promissory Note and ends on the date on which the Plaintiff files his lawsuit against the Defendant-Debtor in Court,


Good question fly....What if any continued arrangements were/are there? Settlements?? Oh man. More dilution!


All JMHO