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NRS 11.380

Actions against directors or stockholders of corporations

Applied in 2 court decisions — leading case Quinn (1996)

Most recently applied in Quinn v. Elliott (May 1996)

[1911 CPA § 42; RL § 4984; NCL § 8541]

The preceding sections of this chapter shall 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 3 years after the discovery, by the aggrieved party, of the facts upon which the penalty or forfeiture attached, or the liability was created.

Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.