In Frank v. Linkner, No. 151888, the Michigan Supreme Court granted leave to appeal to consider when the plaintiffs’ cause of action accrued and whether MCL 450.4515(1)(e) constitutes a statute of repose, a statute of limitations, or both. MCL 450.4515(1)(e) sets forth the time period a member may bring an oppression claim for damages, which is either three years after the cause of action accrues, or two years after its discovery, whichever comes first. The trial court determined the plaintiffs’ action was time barred because MCL 450.4515(1)(e) acted as a three-year statute of repose. The Court of Appeals concluded the statute was not a statute of repose, but a statute of limitations. The Michigan Supreme Court granted leave to appeal on two issues: (1) whether MCL 4515(1)(e) is a statute of repose, a statute of limitations, or both; and (2) when the plaintiffs’ cause of action accrued.
To read our previous blog post about the Court of Appeals’ opinion, click here.
