Definition : Prescriptive period

The period at the end of which a person acquires property in full ownership or a dismemberment of the right of ownership (acquisitive prescription) or is released from an obligation (extinctive prescription). The acquisitive and extinctive prescription periods are 10 years, except as otherwise determined by law. This is the case, without limitation, for an action for defamation which is prescribed by one year from the day the defamed person learned of the defamation and for an action to enforce a personal right or movable real right which is prescribed by three years