Indiana § 34-11-3-1 - Mutual, open, and current accounts
Full text of Indiana Indiana Code § 34-11-3-1 — Mutual, open, and current accounts, with citation guidance and answers to common questions.
§ 34-11-3-1. Mutual, open, and current accounts
Sec. 1. In an action brought to recover a balance due upon a mutual, open, and current account between the parties, the cause of action is considered to have accrued from the date of the last item proved in the account on either side.
[Pre-1998 Recodification Citation: 34-1-2-4.]
As added by P.L.1-1998, SEC.6.
IC 34-11-4Chapter 4. Tolling of Statute of Limitations: Nonresident Defendant
34-11-4-1Tolling of time while nonresident 34-11-4-2Bar of cause of action is defense 34-11-4-3Disabled persons or members of armed services
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 34-11-3-1
What does Indiana Code § 34-11-3-1 cover?
Section 34-11-3-1 ("Mutual, open, and current accounts") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 34-11-3-1?
A common citation format is "Indiana Code § 34-11-3-1" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 34-11-3-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.