Actions Against Officers of Ousted Corporations; Limitation Upon Time.

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

1-31-128. Actions against officers of ousted corporations; limitation upon time.

When judgment of forfeiture and ouster is rendered against a corporation because of misconduct of the officers, trustees or directors, a person injured thereby may within one (1) year, in an action against the officers or directors, recover damages sustained by reason of the misconduct.


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