This chapter does not affect actions against directors or stockholders of a corporation to recover a penalty or forfeiture imposed, or to enforce a liability created by law; but such actions must be brought within three (3) years after the discovery by the aggrieved party of the facts upon which the penalty or forfeiture attached, or the liability was created.
Idaho Code § 5-237
Actions against directors and stockholders
Applied in 2 court decisions — leading case Taylor v. AIA Services Corp. (2011)
Most recently applied in Taylor v. AIA Services Corp. (September 2011)
C.C.P. 1881, § 177; R.S., R.C., & C.L., § 4077; C.S., § 6630; I.C.A., § 5-237.
Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.