HRS §657-2
When the clock starts for open account debts
This section sets the start date for the time limit to sue over a mutual, open, and current account. The clock begins on the date of the last item shown in the account. It only applies to lawsuits to recover a balance on such an account.
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The statute, as written — Mutual current account
In all actions in the nature of debt, account, or assumpsit, brought to recover any balance due upon a mutual, open, and current account, the cause of action shall be deemed to have accrued from the time of the last item proved in the account. [CC 1859, §1038; RL 1925, §2640; RL 1935, §3911; RL 1945, §10422; RL 1955, §241-2; HRS §657-2; am L 1972, c 105, §1(b)]
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