§ 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.