Idaho § 5-237 - Actions against directors and stockholders
Full text of Idaho Idaho Statutes § 5-237 — Actions against directors and stockholders, with citation guidance and answers to common questions.
§ 5-237. Actions against directors and stockholders
This chapter does not affect actions against directors or stockholders 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 (3) years after the discovery by the aggrieved party of the facts upon which the penalty or forfeiture attached, or the liability was created.
Source: official Idaho text · Last verified 2026-08-27
Frequently Asked Questions About Idaho § 5-237
What does Idaho Statutes § 5-237 cover?
Section 5-237 ("Actions against directors and stockholders") is part of the Idaho Statutes, the codified statutory law of Idaho. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Idaho § 5-237?
A common citation format is "Idaho Statutes § 5-237" (Idaho). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Idaho law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Idaho official source linked on this page or consult a licensed Idaho attorney.
How does Idaho § 5-237 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Idaho can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Idaho.