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FEDERAL FINANCIAL CO. v. NOE

No. 98-381.

983 S.W.2d 107 (1998)

335 Ark. 78

FEDERAL FINANCIAL COMPANY, Appellant, v. Wendell H. and Elizabeth A. NOE, Appellees.

Supreme Court of Arkansas.

November 12, 1998.

Attorney(s) appearing for the Case

Ralph W. Waddell, Jonesboro, for Appellant.

Warren E. Dupwe, Jonesboro, for Appellee.

GLAZE, Justice.

Federal Financial Company ("FFC") appeals the order of the Craighead County Circuit Court which dismissed the FFC's cause of action against Wendell H. and Elizabeth Noe because it was time barred. In so holding, the trial court rejected the FFC's argument that the six-year statute of limitations provided in 12 U.S.C.A. § 1821(d)(14)(A)(i) was applicable. Instead, the trial court barred the FFC's action under Arkansas's five-year statute of limitations...

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