Action against stockholder for unpaid subscriptions; limitation of action.

  1. Law
  2. Nevada Revised Statutes
  3. Private Corporations
  4. Action against stockholder for unpaid subscriptions; limitation of action.

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No action shall be brought by the corporation against any stockholder for any unpaid subscription unless within 2 years after the debt becomes due, and no action shall be brought against the stockholder after the stockholder shall cease to be the owner of the shares, unless brought within 2 years from the time the stockholder shall have ceased to be a stockholder.

[17:177:1925; NCL § 1616]


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