As Amended
SEC. 27-3-41. Limitation.
The power of the state tax commission to institute proceedings for the assessment of property which has escaped taxation by reason of not being assessed shall expire at the end of seven years from the date when its right so to do first accrued, and it shall bring all suits it is authorized to bring within six years after the cause of action accrues and not thereafter.
SOURCES: Codes, 1942, Sec. 9213-10; Laws, 1962, ch. 588, Sec. 10, eff from and after January 1, 1964.