A term of court is a four-week session of court, and there shall be 13 terms of court in a year, unless otherwise provided in the annual schedule of terms. ""Declaratory judgment actions are subject to a fouryear statute of limitations.Every lawsuit must be brought within one of various deadlines spelled out in the law, which are known as statutes of limitations. In the 2015 Case the Supreme Court required that notice of this action be served upon the entities on the "Service List" in the 2015 Case. Finally, we shall address the appropriate statute of limitations for Indiana's state law-based claim. In an action affecting only an individual, however, it is an administrative act subject to review in an article 78 proceeding. Having determined that the Plaintiff's. Declaratory Judgment claim in the instant case is subject to a two-year Statute of Limitations period,. Bureau's complaint and an action for declaratory judgment in the Alcorn County Chancery Court. A declaratory judgment may be either affirmative or negative in form and effect; and shall have the force and effect of a final judgment or decree.