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CITIZENS BANK OF CLOVIS v. TEEL

No. 17013.

742 P.2d 502 (1987)

106 N.M. 290

CITIZENS BANK OF CLOVIS, a corporation, Plaintiff-Appellant, v. Paul TEEL and Houstion Lumber Company, a corporation, Defendants-Appellees.

Supreme Court of New Mexico.

September 10, 1987.

Attorney(s) appearing for the Case

Lynell G. Skarda, Clovis, for plaintiff-appellant.

David G. Grow, Clovis, for defendants-appellees.

OPINION

RANSOM, Justice.

On November 6, 1986, Citizens Bank of Clovis (Citizens Bank) sued Teel on a note dated September 17, 1979, payable after 60 days in the principle amount of $53,228.44. At issue is whether suit was barred by the six-year statute of limitations, NMSA 1978, Section 37-1-3. The statute would have run on November 16, 1985, unless revived by an admission of the unpaid debt contained in a judgment approved by Teel's attorney in a prior...

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