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FEDERAL DEPOSIT INS. CORP. v. CURETON

No. 87-5399.

842 F.2d 887 (1988)

FEDERAL DEPOSIT INSURANCE CORPORATION, Plaintiff-Appellant, v. Gerald D. CURETON; Mary L. Cureton; Harold W. Hodges; and Carrie L. Hodges, Defendants-Appellees.

United States Court of Appeals, Sixth Circuit.

Decided March 22, 1988.

Attorney(s) appearing for the Case

Patricia Horton (argued), D. Michael Tranum, Knoxville, Tenn., for plaintiff-appellant.

Henry T. Ogle, Ogle and Lowe, Knoxville, Tenn., William H. Ogle (argued), for defendants-appellees.

Before LIVELY, Chief Judge, JONES and MILBURN, Circuit Judges.

MILBURN, Circuit Judge.

Plaintiff Federal Deposit Insurance Corporation ("FDIC") appeals the summary judgment of the district court dismissing its action against the guarantors of four defaulted promissory notes as time-barred under the Tennessee statute of limitations, Tennessee Code Annotated ("T.C.A.") § 28-3-109.1 Because we hold that the Tennessee savings statute, T.C.A. § 28-1-105, upon which plaintiff relies, applies only...

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