Utah § 78B-2-306 Action against corporate stockholders or directors.

Utah Statutes

§ 78B-2-306 — Action against corporate stockholders or directors.

Utah·Title 78B Judicial Code·Ch. 78B-2 Statutes of Limitations·Part 78B-2-3 Other than Real Property

Actions against directors or stockholders of a corporation to recover a penalty or forfeiture imposed, or to enforce a liability created shall be brought within three years after the discovery by the aggrieved party of the facts upon which the penalty or forfeiture attached, or the liability accrued.  Actions against stockholders of a bank pursuant to levy of assessment to collect their statutory liability must be brought within three years after the levy of the assessment.

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Actions against directors or stockholders of a corporation to recover a penalty or forfeiture imposed, or to enforce a liability created shall be brought within three years after the discovery by the aggrieved party of the facts upon which the penalty or forfeiture attached, or the liability accrued. Actions against stockholders of a bank pursuant to levy of assessment to collect their statutory liability must be brought within three years after the levy of the assessment.

Utah § 78B-2-306 (Action against corporate stockholders or directors.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.