Tenn. Code Ann. § 45-2-710

This is the official text of Tenn. Code Ann. § 45-2-710, 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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Statute of limitations

Official statutory text

An action to enforce the obligation of a bank to pay all or part of the balance of a deposit account or certificate of deposit, collectively a deposit, must be commenced within six (6) years of the earlier of the following: (1) The time that the six-year statute of limitations period begins to run under § 47-3-118(e)(1) , if the deposit is a certificate of deposit subject to title 47, chapter 3; or (2) The later of: (A) The maturity date of the deposit, as set forth in the applicable original contract of deposit; (B) The due date of the deposit indicated in the bank's last written notice of renewal sent pursuant to § 45-2-618 ; (C) The date of the last written communication from the bank recognizing the bank's obligation with respect to the deposit; or (D) The last day of the taxable year for which the owner of the deposit last reported interest income earned on the deposit on either a federal or state income tax return. Acts 2005, ch. 30, § 1.
An action to enforce the obligation of a bank to pay all or part of the balance of a deposit account or certificate of deposit, collectively a deposit, must be commenced within six (6) years of the earlier of the following:
(1) The time that the six-year statute of limitations period begins to run under § 47-3-118(e)(1) , if the deposit is a certificate of deposit subject to title 47, chapter 3; or
(2) The later of: (A) The maturity date of the deposit, as set forth in the applicable original contract of deposit; (B) The due date of the deposit indicated in the bank's last written notice of renewal sent pursuant to § 45-2-618 ; (C) The date of the last written communication from the bank recognizing the bank's obligation with respect to the deposit; or (D) The last day of the taxable year for which the owner of the deposit last reported interest income earned on the deposit on either a federal or state income tax return.
(A) The maturity date of the deposit, as set forth in the applicable original contract of deposit;
(B) The due date of the deposit indicated in the bank's last written notice of renewal sent pursuant to § 45-2-618 ;
(C) The date of the last written communication from the bank recognizing the bank's obligation with respect to the deposit; or
(D) The last day of the taxable year for which the owner of the deposit last reported interest income earned on the deposit on either a federal or state income tax return.
Acts 2005, ch. 30, § 1.

Status: in_force

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