Missouri Revised Statutes

Chapter 516
Statutes of Limitation

August 28, 2016
When not to apply to corporations.

516.420. None of the provisions of sections 516.380 to 516.420 shall apply to suits against moneyed corporations or against the directors or stockholders thereof, to recover any penalty or forfeiture imposed, or to enforce any liability created by the act of incorporation or any other law; but all such suits shall be brought within six years after the discovery by the aggrieved party of the facts upon which such penalty or forfeiture attached, or by which such liability was created.

(RSMo 1939 § 3790)

Prior revisions: 1929 § 3400; 1919 § 3745; 1909 § 4953

(2006) Six-year limitations period applied to mortgage finance company as a "moneyed corporation" under section. Schwartz v. Bann-Cor Mortgage, 197 S.W.3d 168 (Mo.App.W.D.).

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