Director may maintain action against officers, when.

Checkout our iOS App for a better way to browser and research.

Effective - 28 Aug 1939

361.320. Director may maintain action against officers, when. — 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.

­­--------

(RSMo 1939 § 7936)

Prior revisions: 1929 § 5341; 1919 § 11724


Download our app to see the most-to-date content.