Tenn. Code Ann. § 28-1-104
This is the official text of Tenn. Code Ann. § 28-1-104, part of Tennessee’s Code Ann — part of the compiled statutory law of Tennessee, published by the state as "Code Ann." Browse the sections below, each linked to its official government source.
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Accrual of principal's liability to surety or endorser
Official statutory text
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.
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.
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.
Status: in_force
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