CHAPTER 3. STATUTE OF LIMITATIONS

IC 34-20-3
     Chapter 3. Statute of Limitations

IC 34-20-3-1
Negligence and strict liability in tort actions
    
Sec. 1. (a) This section applies to all persons regardless of minority or legal disability. Notwithstanding IC 34-11-6-1, this section applies in any product liability action in which the theory of liability is negligence or strict liability in tort.
    (b) Except as provided in section 2 of this chapter, a product liability action must be commenced:
        (1) within two (2) years after the cause of action accrues; or
        (2) within ten (10) years after the delivery of the product to the initial user or consumer.
However, if the cause of action accrues at least eight (8) years but less than ten (10) years after that initial delivery, the action may be commenced at any time within two (2) years after the cause of action accrues.
As added by P.L.1-1998, SEC.15.

IC 34-20-3-2
Asbestos related actions
    
Sec. 2. (a) A product liability action that is based on:
        (1) property damage resulting from asbestos; or
        (2) personal injury, disability, disease, or death resulting from exposure to asbestos;
must be commenced within two (2) years after the cause of action accrues. The subsequent development of an additional asbestos related disease or injury is a new injury and is a separate cause of action.
    (b) A product liability action for personal injury, disability, disease, or death resulting from exposure to asbestos accrues on the date when the injured person knows that the person has an asbestos related disease or injury.
    (c) A product liability action for property damage accrues on the date when the injured person knows that the property damage has resulted from asbestos.
    (d) This section applies only to product liability actions against:
        (1) persons who mined and sold commercial asbestos; and
        (2) funds that have, as a result of bankruptcy proceedings or to avoid bankruptcy proceedings, been created for the payment of asbestos related disease claims or asbestos related property damage claims.
    (e) For the purposes of IC 1-1-1-8, if any part of this section is held invalid, the entire section is void.
    (f) Except for the cause of action expressly recognized in this section, this section does not otherwise modify the limitation of action or repose period contained in section 1 of this chapter.
As added by P.L.1-1998, SEC.15.