Rankin County Bank v. McKinion

DAN M. LEE, Presiding Justice,

for the Court:

On June 4, 1986, Rankin County Bank filed a complaint in the Chancery Court of Rankin County, Mississippi, against the McKinions seeking a deficiency judgment in the amount of $27,211.52 plus interest and attorney’s fees. The McKinions answered the complaint and affirmatively asserted the defense that the claim was barred by the statute of limitations. On December 8, 1986, after hearing argument on the McKinions’ motion to dismiss based on the pleadings, the chancery court entered an order dismissing the complaint, finding that the statute of…