Mich. Comp. Laws § 550.1312

Current through Public Act 171 of the 2024 Legislative Session
Section 550.1312 - Action for failure to perform duties; commencement

An action against a director or officer for failure to perform the duties imposed by this act shall be commenced within 3 years after the cause of action has accrued, or within 2 years after the time when the cause of action is discovered, or should reasonably have been discovered, by a person complaining of the failure to perform, whichever occurs sooner.

MCL 550.1312

1980, Act 350, Eff. 4/3/1981.