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2018 Georgia Code 11-4-111 | Car Wreck Lawyer

TITLE 11 COMMERCIAL CODE

Section 4. Bank Deposits and Collections, 11-4-101 through 11-4-504.

ARTICLE 4 BANK DEPOSITS AND COLLECTIONS

11-4-111. 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.

(Code 1981, §11-4-111, enacted by Ga. L. 1996, p. 1306, § 5.)

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., F. Supp. 2d (N.D. Ga. Dec. 6, 2004).

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 4-111.

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