Cal. Code Civ. Proc. § 359

Current through the 2022 Legislative Session
Section 359 - Actions against directors, shareholders or members of corporations to recover penalty or forfeiture

This title does not affect actions against directors, shareholders, or members of a corporation, to recover a penalty or forfeiture imposed, or to enforce a liability created by law; but such actions must 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 was created.

Ca. Civ. Proc. Code § 359

Amended by Stats. 1978, Ch. 1305.