When Does the Statute of Limitations Begin to Run?

Posted on: April 30, 2009 by: admin

Sveriges rikes lag. The Swedish statute book, ...

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[39]       An action for breach of fiduciary duty between directors and shareholders is subject to the three-year statute of limitations set out in §13-80-101(1)(f), C.R.S. 1999. Michaelson v. Michaelson, 923 P.2d 237 (Colo. App. 1995), rev’d on other grounds, 939 P.2d 835 (Colo. 1997). The statute begins to run when the plaintiff’s cause of action accrues. Section 13-80-101(1), C.R.S. 1999.

[40]       A cause of action accrues when the injury, loss, damage, or conduct giving rise to the cause of action is discovered or should have been discovered by the exercise of reasonable diligence. Section 13-80-108(8), C.R.S. 1999.

Polk v. Land, 5 P.3d 402 (Colo.App. 2000).

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