☰ Revisor of Missouri


Chapter 516

< > Effective - 28 Aug 1939 bottom

  516.420.  When not to apply to corporations. — 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.).

---- end of effective  28 Aug 1939 ----

use this link to bookmark section  516.420

Effective dates prior to 1940 may not be the actual effective date. See FAQ 'When do laws become effective?'

Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Missouri Senate
State of Missouri
Missouri House

@20:31:23.6 37 :)