166.00 - Action against municipal officers.

§  166.00  Action  against  municipal officers.   a. The holder in due  course of any bond, note or interest bearing coupon issued  due  to  the  malfeasance,   misfeasance,   or   negligence   of   any  officer  of  a  municipality, school district or district corporation,  whose  cause  of  action  thereon  is  determined  by  judgment,  or  who is privy to such  action, may within three years after entry of judgment begin  an  action  against such officer for the recovery of all damages suffered because of  such malfeasance, misfeasance or negligence.    b.  A  municipality,  school district or district corporation which is  required pursuant to a judgment to pay a bond, note or interest  bearing  coupon  issued  due to the malfeasance, misfeasance or negligence of any  officer thereof, may within three years  after  such  payment  begin  an  action against such officer and recover the amount so paid with interest  from the time of payment.    c.  An  order  of  arrest  and  an execution against the person of the  defendant may be issued in an action instituted pursuant to paragraph  a  or b of this section.