Michigan Laws 550.1312 – Action for failure to perform duties; commencement
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In Michigan Laws 550.1312
- person: may extend and be applied to bodies politic and corporate, as well as to individuals. See Michigan Laws 8.3l
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.