At any time while the director is in possession of the property and business of any such corporation, he may within six years after the cause of action has accrued, institute and maintain in his name as finance director against its directors, trustees, managers or officers, or any of them, any action or proceeding which is vested in such corporation or in the stockholders or creditors thereof.
Mo. Rev. Stat. § 361.320
Director may maintain action against officers, when
Known as the Money Transmission Modernization Act
The act spans §§ 361–361 (125 sections).
Effective: 28 Aug 1939; (RSMo 1939 § 7936); Prior revisions: 1929 § 5341; 1919 § 11724
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.