{"data":{"id":"us-mi/mich.-comp.-laws-450.2554","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.2554","heading":"Commencement of action under MCL 450.2551 or 450.2552.","body":"Sec. 554.\n\nAn 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.","path":["MI Code","Chapter 450","Act Act-162-of-1982"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-2554","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"d470595ec1a9dfcb7d7abc92b5d6a90999ab781b24c23a36ccf0713b5393ff81","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.2553","next":"us-mi/mich.-comp.-laws-450.2556"},"notice":"GroundRules: Original legal text. Not legal advice."}