1. (a) An action for:

   1. (1) injury to person or character;
   2. (2) injury to personal property; or

   3. (3) a forfeiture of penalty given by statute;

      must be commenced within two (2) years after the cause of action accrues.

2. (b) Except as provided in subsections (c) and (d), an action for injury to a person that results from the sexual abuse of a child must be commenced within the later of:

   1. (1) seven (7) years after the cause of action accrues; or
   2. (2) four (4) years after the person ceases to be a dependent of the person alleged to have performed the sexual abuse.

3. (c) An action for injury to a person that:

   1. (1) results from the sexual abuse of a child;
   2. (2) is barred due to the expiration of the statute of limitations period described in subsection (b); and

   3. (3) is brought against a congressionally chartered organization that was incorporated before June 16, 1916;

      may be commenced in accordance with subsection (d).

4. (d) An action described in subsection (c) may be commenced before July 1, 2025, by a person who, before January 1, 2024, participated in a bankruptcy proceeding or bankruptcy settlement that:

   1. (1) was initiated on February 18, 2020; and

   2. (2) involved the organization described in subsection (c)(3).

      [Pre-1998 Recodification Citation: 34-1-2-2(1).]

As added by P.L.1-1998, SEC.6. Amended by P.L.44-2013, SEC.1; P.L.79-2024, SEC.1.