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

Utah Statutes

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

Utah § 78B-2-306

Title 78BJudicial Code

Ch. 78B-2Statutes of Limitations

Part 78B-2-3Other than Real Property

This text of Utah § 78B-2-306 (Action against corporate stockholders or directors.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 78B-2-306 (2026).

Text

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.