Michigan Compiled Laws 162-1982-8 Chapter 8 (450.2801...450.2864)

• Section 450.2801 Dissolution Of Corporation; Methods; Summary Dissolution Of Corporation Whose Assets Disposed Of Under Court Order In Receivership Or Bankruptcy Proceedings; Filing Copy Of Order With Administrator.
  (1) A corporation may be dissolved in any of the following ways: (a) Automatically by expiration of a period of duration to which the...
• Section 450.2803 Dissolution Of Corporation By Action Of Incorporators Or Directors; Conditions; Certificate Of Dissolution.
  (1) A corporation may be dissolved by action of its incorporators or directors, if the corporation complies with all of the following conditions: (a)...
• Section 450.2804 Dissolution Of Corporation By Action Of Shareholders Or Members; Recommendation; Exceptions; Approval Or Authorization; Notice; Voting; Certificate.
  (1) A corporation may be dissolved by action of its board and its shareholders or members, if any, as provided in this section. (2)...
• Section 450.2805 Dissolution Under Agreement Under Mcl 450.2488; Effectiveness.
  Dissolution under an agreement under section 488 becomes effective by executing and filing a certificate of dissolution on behalf of the corporation that states...
• Section 450.2811 Revocation Of Dissolution Proceedings; Filing And Execution Of Certificate; Additional Manner Of Revocation.
  (1) A corporation may revoke dissolution proceedings commenced under section 488 or 804 before complete distribution of assets, if a proceeding under section 851...
• Section 450.2815 Renewal Of Corporate Existence.
  A corporation whose term has expired may renew its corporate existence, if a proceeding under section 851 is not pending, in the following manner:...
• Section 450.2817 Effect Of Filing Certificate Of Revocation Of Dissolution Or Renewal Of Corporate Existence; Accrued Penalty Or Liability; Adoption Of Corporate Name; Rights.
  (1) When a certificate of revocation of dissolution is filed under section 811 or a certificate of renewal of existence is filed under section...
• Section 450.2821 Action By Attorney General For Dissolution Of Corporation; Grounds; Other Actions.
  (1) The attorney general may bring an action in the circuit court for the county in which the principal place of business or registered...
• Section 450.2823 Dissolution Of Corporation By Judgment In Action Brought In Court; Proof; Action For Dissolution Of Charitable Purpose Corporation.
  (1) A corporation that is organized on a stock or membership basis may be dissolved by a judgment entered in an action brought in...
• Section 450.2825 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
  Compiler's Notes: The repealed section pertained to adjudging dissolution and liquidation of assets and affairs of corporation by circuit court in action filed by shareholder,...
• Section 450.2831 Dissolution Of Corporation; Conditions.
  A corporation is dissolved when any of the following occurs: (a) The period of duration stated in the corporation's articles of incorporation expires. (b)...
• Section 450.2833 Dissolved Corporation; Continuation Of Corporate Existence; Conduct Of Affairs.
  Except as a court may otherwise direct, a dissolved corporation shall continue its corporate existence but shall not conduct affairs except for the purpose...
• Section 450.2834 Dissolved Corporation And Officers, Directors, Shareholders, And Members; Manner Of Functioning.
  Subject to section 833 and except as otherwise provided by court order, a dissolved corporation, its officers, directors, shareholders, and members shall continue to...
• Section 450.2841 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
  Compiler's Notes: The repealed section pertained to notice to creditors.
• Section 450.2841a Written Notice To Claimants Of Dissolved Corporation.
  (1) A dissolved corporation may notify its existing claimants in writing of the dissolution of the corporation at any time after the effective date...
• Section 450.2842 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
  Compiler's Notes: The repealed section pertained to mailing notice to creditor of corporation.
• Section 450.2842a Publication Of Notice Of Dissolved Corporation.
  (1) In addition to providing notice under section 841a, a dissolved corporation may also publish notice of dissolution at any time after the effective...
• Section 450.2843 Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
  Compiler's Notes: The repealed section pertained to rejection of claim filed by creditor.
• Section 450.2851 Application For Judgment That Affairs Of Corporation And Liquidation Of Assets Continue Under Supervision Of Court; Orders And Judgments; Permitting Creditor To File Claim Or Commence Proceeding.
  (1) After a corporation is dissolved in any manner, the corporation, a creditor, a shareholder, member, or a director may apply at any time...
• Section 450.2855 Dissolution Of Corporation; Applicable Provisions.
  (1) All of the following apply if a corporation is dissolved: (a) The corporation shall pay or make provision for its debts, obligations, and...
• Section 450.2861 Plan Of Reorganization; Action By Directors, Shareholders, Or Members Not Required To Put Plan Into Effect.
  A corporation for which a plan of reorganization has been confirmed by the judgment of a court of competent jurisdiction pursuant to any applicable...
• Section 450.2862 Powers Of Corporation Under Reorganization; Issuing Shares Of Capital Stock And Bonds For Consideration Specified In Plan Of Reorganization.
  (1) The corporation, in the manner provided in section 861, but without limiting the generality or effect of that section, may amend or repeal...
• Section 450.2863 Document Filed Or Recorded To Accomplish Corporate Purpose Pursuant To Plan Of Reorganization; Making, Execution, And Acknowledgment; Contents; Filing.
  A certificate or other document required or permitted by law to be filed or recorded to accomplish any corporate purpose, sought to be accomplished...
• Section 450.2864 Reversal Or Vacation Of Reorganization Plan; Filing Of Other Or Further Certificates Or Documents; Effect; Fees.
  (1) If after the filing of a certificate or other document the order of confirmation of the plan of reorganization is reversed or vacated...

Last modified: October 10, 2016