Michigan Compiled Laws 284-1972-8 Chapter 8 Dissolution (450.1801...450.1864)

• Section 450.1801 Methods Of Dissolution.
  (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 450.1803 Conditions To Dissolution By Incorporators Or Directors; 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 450.1804 Dissolution By Action Of Board And Shareholders; Certificate Of Dissolution.
  (1) A corporation may be dissolved by action of its board and shareholders as provided in this section. (2) A corporation's board may propose...
• Section 450.1805 Dissolution; Execution And Filing Certificate.
  Dissolution pursuant to an agreement under section 488 is effected by executing and filing a certificate of dissolution on behalf of the corporation, stating...
• Section 450.1806 Certificate Of Dissolution; Filing; Time Of Effectiveness; Conditions; Date Stamp As Evidence.
  (1) A certificate of dissolution filed with the administrator is effective at the time the certificate is first received by the administrator, not the...
• Section 450.1811 Revocation Of Dissolution Proceedings; Certificate Of Revocations.
  (1) Dissolution proceedings commenced pursuant to section 488 or 804 may be revoked before complete distribution of assets, if a proceeding pursuant to section...
• Section 450.1815 Renewal Of Corporate Existence; Manner.
  A corporation whose term has expired may renew its corporate existence, if a proceeding pursuant to section 851 is not pending, in the following...
• Section 450.1817 Effective Date Of Revocation Of Dissolution Or Renewal Of Corporate Existence; Accrued Penalty Or Liability Unaffected; Adoption Of Corporate Name; Rights Of Corporation.
  (1) When the certificate of revocation of dissolution or of renewal of existence is filed, the revocation of the dissolution proceedings or the renewal...
• Section 450.1821 Action By Attorney General For Dissolution; Grounds.
  (1) The attorney general may bring an action in the circuit court of the county in which the principal place of business or registered...
• Section 450.1823 Action By Director Or Shareholder For Dissolution; Judgment; Proof.
  A corporation may be dissolved by a judgment entered in an action brought in the circuit court of the county in which the principal...
• Section 450.1825 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
  Compiler's Notes: The repealed section pertained to action by shareholder for dissolution and liquidation.
• Section 450.1831 Occurrences Dissolving Corporation.
  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 450.1833 Corporate Existence Continued For Purpose Of Winding Up Affairs.
  Except as a court may otherwise direct, a dissolved corporation shall continue its corporate existence but shall not carry on business except for the...
• Section 450.1834 Functions Of Dissolved Corporation And Its Officers, Directors, And Shareholders Continued.
  Subject to section 833 and except as otherwise provided by court order, a dissolved corporation, its officers, directors and shareholders shall continue to function...
• Section 450.1841 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
  Compiler's Notes: The repealed section pertained to notice to creditors of dissolved corporation.
• Section 450.1841a Notice To Existing Claimants Of Dissolution; Contents; Notice As Recognition Of Validity Of Claim; Conditions Barring Claim; “existing Claim” Defined; Effective Date Of Notice.
  (1) The dissolved corporation may notify its existing claimants in writing of the dissolution at any time after the effective date of the dissolution....
• Section 450.1842 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
  Compiler's Notes: The repealed section pertained to notice to creditors of dissolved corporation.
• Section 450.1842a Publication Of Notice Of Dissolution; Requirements; Claimants Commencing Proceedings Within 1 Year Of Notice.
  (1) A dissolved corporation may also publish notice of dissolution at any time after the effective date of dissolution and request that persons with...
• Section 450.1843 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
  Compiler's Notes: The repealed section pertained to rejection of creditor's claim.
• Section 450.1851 Judicial Supervision Of Corporate Affairs And Liquidation Of Assets; Permitting Creditor To File Claim Or Commence Proceeding.
  (1) After a corporation has been dissolved in any manner, the corporation, a creditor, or a shareholder may apply at any time to the...
• Section 450.1855 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.
  Compiler's Notes: The repealed section pertained to distribution of assets to shareholders.
• Section 450.1855a Provision For Debts, Obligations, And Liabilities; Distribution Of Remaining Assets.
  Before making a distribution of assets to shareholders in dissolution, a corporation shall pay or make provision for its debts, obligations, and liabilities. Compliance...
• Section 450.1861 Implementation Of Judicially Confirmed Plan Of Reorganization.
  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 450.1862 Powers Of Corporation Under Judicially Confirmed 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 450.1863 Certificate Or Document Filed Or Recorded Pursuant To Plan Of Reorganization.
  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 450.1864 Additional Certificate Or Document Filed To Conform To Plan Of Reorganization As Finally Confirmed; Effect Of Filing; 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