30-2-504 - Waste or misappropriation of assets by personal representative Statute of limitation applicable.

30-2-504. Waste or misappropriation of assets by personal representative Statute of limitation applicable.

Nothing in part 3 of this chapter or § 30-2-501 shall be so construed as to exempt a personal representative from suit by either a creditor or a beneficiary for waste or misappropriation of the assets of the estate or other wrongful act in connection therewith, or to affect any existing statute of limitation applicable to such a suit, or to preclude the enforcement against the property affected by it of any subsisting lien that shall endure beyond the time fixed herein for filing claims.

[Acts 1939, ch. 175, § 10; C. Supp. 1950, § 8196.13 (Williams, § 8196.10); T.C.A. (orig. ed.), § 30-1005.]