2020 Tennessee Code
Title 28 - Limitation of Actions
Chapter 3 - Limitation of Actions Other Than Real
Part 1 - Miscellaneous Limitations
§ 28-3-112. Mutual Accounts Between Persons Not Merchants

Universal Citation: TN Code § 28-3-112 (2020)

When there are mutual accounts between persons who are not merchants, the time is computed from the true date of the last item, unless the account is liquidated and a balance struck.

Code 1858, § 2778; Shan., § 4475; Code 1932, § 8603; T.C.A. (orig. ed.), § 28-312.

Textbooks. Tennessee Jurisprudence, 1 Tenn. Juris., Accounts and Accounting, § 14.

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