In actions brought to recover any balance due upon a mutual open account current, the cause of action shall be deemed to have accrued from the time of the last item proved in the account.
Ark. Code Ann. § 16-56-127
Mutual open accounts — Accrual of cause of action
Applied in 1 court decision — leading case Refco, Inc. v. Farm Production Association, Inc., Kenneth Lance (1988)
Most recently applied in Refco, Inc. v. Farm Production Association, Inc., Kenneth Lance (April 1988)
Rev
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.