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Code · Michigan · Chapter 550 — General Insurance Laws

550.1312 Action for failure to perform duties; commencement.

89 words·~1 min read·/mi/chapter-550/550-1312

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550.1312 Action for failure to perform duties; commencement.
Sec. 312.
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.
History: 1980, Act 350, Eff. Apr. 3, 1981
Popular Name: Blue Cross-Blue Shield
Popular Name: Act 350
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