The rules in sections 516.380 to 516.420 do not apply when someone sues a money-lending or financial corporation, or its directors or stockholders, to collect a penalty or enforce a legal obligation. Those kinds of lawsuits must be filed within six years from the day the person finds out about the facts that created the penalty or legal obligation.
516.420. When not to apply to s. — None of the of sections 516.380 to 516.420 shall apply to suits against or against the or stockholders thereof, to recover any or imposed, or to any created by the or any other law; but all such suits shall be brought within six years after the by the 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 period applied to finance company as a "" under section. Schwartz v. Bann-Cor Mortgage, 197 S.W.3d 168 (Mo.App.W.D.).
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Legal information, not legal advice. Always confirm with the official source at revisor.mo.gov.