None of the provisions of sections 516.380 to 516.420 shall apply to suits against moneyed corporations or against the directors or stockholders thereof, to recover any penalty or forfeiture imposed, or to enforce any liability created by the act of incorporation or any other law; but all such suits shall be brought within six years after the discovery by the aggrieved party of the facts upon which such penalty or forfeiture attached, or by which such liability was created.
Mo. Rev. Stat. § 516.420
When not to apply to corporations
Applied in 2 court decisions — leading case Rashaw v. United Consumers Credit Union (2012)
Most recently applied in Rashaw v. United Consumers Credit Union (July 2012)
Effective: 28 Aug 1939; (RSMo 1939 § 3790); Prior revisions: 1929 § 3400; 1919 § 3745; 1909 § 4953
Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.