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.
History. Civil Code 1895, § 3769; Civil Code 1910, § 4363; Code 1933, § 3-707.
History of Code section.
This Code section is derived from the decision in Lark v. Cheatham, 80 Ga. 1 , 5 S.E. 290 (1888).
Structure Georgia Code
Chapter 3 - Limitations of Actions
Article 1 - General Provisions
§ 9-3-1. Limitations Against the State
§ 9-3-2. Limitations Against Municipalities
§ 9-3-3. Applicability of Limitation Statutes; Equitable Bar
§ 9-3-4. Limitations as to Trusts
§ 9-3-5. Beneficiaries Barred Along With Trustee
§ 9-3-6. Applicability of Limitations to Setoffs
§ 9-3-7. When Mutual Accounts Postpone Running of Limitations