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Commencement of action under MCL 450.2551 or 450.2552.

MCL 450.2554
in effect
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450.2554. Commencement of action under MCL 450.2551 or 450.2552. Sec. 554. An action against a director, shareholder, or member for recovery upon a liability imposed by section 551 shall be commenced within 3 years after the cause of action accrues. An action under section 552 shall be commenced within 3 years after payment by the director to the corporation. 1982, Act 162, Eff. Jan. 1, 1983
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-450-2554Fetched: 10/20/2026

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