§ 1-31-127 — Limitation upon time of bringing action against corporations or officer

Nothing in W.S. 1-31-101 through 1-31-130 shall authorize an
action against a corporation for forfeiture of charter unless
commenced within five (5) years after the act complained of was
committed. An action may not be brought against a corporation
for the exercise of a power or franchise under its charter which
it has exercised for a term of twenty (20) years, nor may an
action be brought against an officer to oust him from his office
unless within three (3) years after the cause of the ouster or
the right to hold the office arose.