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Mich. Comp. Laws § 450.1554

Action against director or shareholder; limitation.

Michigan · Michigan Compiled Laws — BUSINESS CORPORATION ACT (Act 284 of 1972) · Status: effective

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Mich. Comp. Laws § 450.1554, Action against director or shareholder; limitation, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1363717
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An action against a director or shareholder 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.