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The tutorial discusses the revival of promissory notes along with accompanying liens, security interests, or mortgages after the statute of limitations has expired. It explains that all civil claims are governed by a statute of limitations, which is a legally defined period after which a claim cannot be pursued. For instance, in Texas, personal injury claims from automobile accidents must be filed within two years; otherwise, the claim is barred. For promissory notes, which are agreements to repay borrowed money, the statute of limitations is typically four years in Texas. These notes often involve a security interest in real estate or vehicles.
