The time for the limitation of an action by either a surety or accommodation endorser against their principal on negotiable paper, or for any matter growing out of the suretyship, does not commence to run until judgment is rendered against the surety or endorser, or the surety or endorser until the surety or endorser has paid the money.
Code 1858, § 2782; Shan., § 4479; Code 1932, § 8606; T.C.A. (orig. ed.), § 28-104.
Structure 2021 Tennessee Code
Title 28 - Limitation of Actions
Chapter 1 - General Provisions
§ 28-1-102. Commencement at Time of Right to Make Demand
§ 28-1-103. Accrual of Agent's Liability to Principal
§ 28-1-104. Accrual of Principal's Liability to Surety or Endorser
§ 28-1-105. New Action After Adverse Decision — Contractual Limitations Periods
§ 28-1-107. Cases in Which Disability Not an Excuse
§ 28-1-108. Disability at Time of Accrual — Two or More Disabilities
§ 28-1-109. Suspension During Injunction
§ 28-1-110. Suspension Pending Administration of Estate
§ 28-1-111. Suspension During Absence From State
§ 28-1-112. Application of Foreign Statutes