{"data":{"id":"us-mi/mich.-comp.-laws-550.1312","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 550.1312","heading":"Action for failure to perform duties; commencement.","body":"Sec. 312.\n\nAn 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.","path":["MI Code","Chapter 550","Act Act-350-of-1980"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-550-1312","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"ce56ecc3baa7653b691ada931ec0e3d35f0c2268ec59e6314f098c3a7f240ac9","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-550.1311","next":"us-mi/mich.-comp.-laws-550.1313"},"notice":"GroundRules: Original legal text. Not legal advice."}