O.C.G.A. § 11-4-111 (2019)
Statute of limitations
An action to enforce an obligation, duty, or right arising under this article must be commenced within three years after the cause of action accrues.
History
Code 1981, § 11-4-111, enacted by Ga. L. 1996, p. 1306, § 5.
Annotations
JUDICIAL DECISIONS Conversion and negligence action barred. - Bank account holder’s conversion and negligence action against a bank for paying two checks on the holder’s account without authorization was barred by the Georgia Uniform Commercial Code’s three-year statute of limitations set forth in O.C.G.A. § 11-4-111, which
applied to bank-customer relationships, because the holder did not file a complaint until more than three years after the bank paid the checks at issue. Ogundele v. Wachovia Bank, N.A., No. 1:04-CV-1852-CC, 2004 U.S. Dist. LEXIS 25396 (N.D. Ga. Dec. 6, 2004).
RESEARCH REFERENCES U.L.A. Uniform Commercial Code (U.L.A.) § 4111.
PART 2 COLLECTION OF ITEMS: DEPOSITARY AND COLLECTING BANKS