§ 1-31. Action upon a mutual, open and current account. - North Carolina Statutes

§1‑31.  Action upon a mutual, open and current account.

In an action brought torecover a balance due upon a mutual, open and current account, where there havebeen reciprocal demands between the parties, the cause of action accrues fromthe time of the latest item proved in the account on either side. (C.C.P.,s. 39; Code, s. 160; Rev., s. 376; C.S., s. 421; 1951, c. 837, s. 1.)