Idaho Code

Idaho Code § 5-237 (2026)

Actions against directors and stockholders.

✓ current as of May 2026

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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.

Notes of Decisions

Cited in 6 cases, 1952–2014 · leading case: Taylor v. AIA Servs. Corp., 261 P.3d 829 (Idaho 2011).

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Taylor v. AIA Servs. Corp., 261 P.3d 829 (Idaho 2011). · cites it 8× “Idaho Code § 5-237 requires "actions against directors or stockholders of a corporation to recover a penalty or forfeiture, or to enforce a liability by law" to be brought within three years "after the discovery by the aggrieved party of the facts upon which the penalty or…”

Theriault v. AH Robins Co., Inc., 698 P.2d 365 (Idaho 1985). · cites it 4× “I.C. § 5-237 states that actions brought against the directors or stockholders of a corporation must be brought within " three years after the discovery by the aggrieved party of the facts upon which .”

Billings v. Sisters of Mercy of Idaho, 389 P.2d 224 (Idaho 1964). · cites it 4× “I.C. § 5-237 - "actions against directors or stockholders of a corporation to recover a penalty or forfeiture imposed, or to enforce a liability created by law * * must be brought within three years after the discovery by the aggrieved party of the facts upon which the penalty…”

Esposito v. Noyes (In Re Lake Country Investments, Ltd. Liab. Co.), 255 B.R. 588 (Bankr. D. Idaho 2000). · cites it 2× “The statute of limitations Noyes makes another attack on the illegal distribution count: that the suit is barred by the statute of limitations found at Idaho Code § 5-237 . That section states: 5-237.”

Nield v. Pocatello Health Servs., Inc., 332 P.3d 714 (Idaho 2014). · cites it 2× “§§ 5-237; 5-224; 5-237; that Reed was not more innocent; that Reed was not justifiably ignorant, and that Reed was in a position to have intimate knowledge of AIA’s finances (among other findings in both orders not supported by the evidence); and when the court refused to…”

Melgard v. Moscow Idaho Seed Co., 251 P.2d 546 (Idaho 1952). “Nor do we think this is a liability “created by law” within the meaning of" § 5-237, I.C. Feehan v. Kendrick, 32 Idaho 220 , 179 P.”

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