In what circumstances will an action for fraud be tolled for the period that those responsible for the fraud remain in control of the corporation?
California, United States of America
The following excerpt is from Admiralty Fund v. Peerless Ins. Co., 143 Cal.App.3d 379, 191 Cal.Rptr. 753 (Cal. App. 1983):
In Burt v. Irvine Co., supra, 237 Cal.App.2d at p. 867, 47 Cal.Rptr. 392 the appellate court held that an action for fraud committed against a corporation is tolled for the period that those responsible for the fraud remain in control of the corporation.
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