2021 Georgia Code
Title 9 - Civil Practice
Chapter 3 - Limitations of Actions
Article 1 - General Provisions
§ 9-3-7. When Mutual Accounts Postpone Running of Limitations
The statute of limitations for a mutual account begins to run on the date of the last item thereof. A mutual account must include an indebtedness on both sides. Mere entries of credits of partial payments shall not be sufficient.
(Civil Code 1895, § 3769; Civil Code 1910, § 4363; Code 1933, § 3-707.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 1 Am. Jur. 2d, Accounts and Accounting, § 23. 51 Am. Jur. 2d, Limitation of Actions, § 207.
C.J.S.- 54 C.J.S., Limitation of Actions, §§ 9, 178.
ALR.
- Limitation of actions: acknowledgment, new promise, or payment by grantee of mortgaged premises, 18 A.L.R. 1027; 142 A.L.R. 615.
Check in payment of interest or installment of principal as tolling statute of limitations, 28 A.L.R. 84; 125 A.L.R. 271.
Payment on account as removing or tolling statute of limitation, 36 A.L.R. 346; 156 A.L.R. 1082.
What constitutes an open, current account within the statute of limitations, 39 A.L.R. 369; 57 A.L.R. 201.
Bar of statute of limitations against action to recover principal of obligation as affecting right to recover interest, 115 A.L.R. 728.
Ratification of unauthorized credit on debt or obligation as tolling, or removing bar of, statute of limitations, 124 A.L.R. 234.
When is account "mutual" for purposes of rule that limitations run from last item in open, current, and mutual account, 45 A.L.R.3d 446.
