2006 Michigan Compiled Laws - CHAPTER 8 (450.2801...450.2864)

NONPROFIT CORPORATION ACT (EXCERPT)
Act 162 of 1982
Chapter 8


DocumentDescription
Section 450.2801Dissolution 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.
Section 450.2803Dissolution of corporation by action of incorporators or directors; conditions; certificate of dissolution.
Section 450.2804Dissolution of corporation by action of shareholders, members, or board; resolution; approval or authorization; notice; voting; certificate.
Section 450.2805Provision in articles permitting shareholders, members, or directors to require dissolution authorized; plan of distribution of assets; execution and filing of certificate of dissolution; noting existence of provision on face of share certificates or membership certificates.
Section 450.2811Revocation of dissolution proceedings; resolution of board; approval; notice of meeting; voting; certificate of revocation.
Section 450.2815Renewal of corporate existence.
Section 450.2817Effect of filing certificate of revocation of dissolution or renewal of corporate existence; accrued penalty or liability; adoption of different name.
Section 450.2821Action by attorney general for dissolution of corporation; grounds.
Section 450.2823Dissolution of corporation by judgment in action brought by director, shareholder, or member; proof.
Section 450.2825Adjudging dissolution and liquidation of assets and affairs of corporation by circuit court in action filed by shareholder, member, or director; grounds; making order or granting relief other than dissolution.
Section 450.2831Dissolution of corporation; conditions.
Section 450.2833Dissolved corporation; continuation of corporate existence; conduct of affairs.
Section 450.2834Dissolved corporation and officers, directors, shareholders, and members; manner of functioning.
Section 450.2841Notice to creditors; "creditor" defined.
Section 450.2842Mailing notice to creditor of corporation; failure to file claim as bar to enforcement; applicability.
Section 450.2843Rejection of claim filed by creditor; notice; failure to commence action as bar to enforcement of claim.
Section 450.2851Application 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 action.
Section 450.2855Application and distribution of assets upon dissolution.
Section 450.2861Plan of reorganization; action by directors, shareholders, or members not required to put plan into effect.
Section 450.2862Powers of corporation under reorganization; issuing shares of capital stock and bonds for consideration specified in plan of reorganization.
Section 450.2863Document filed or recorded to accomplish corporate purpose pursuant to plan of reorganization; making, execution, and acknowledgment; contents; filing.
Section 450.2864Reversal or vacation of reorganization plan; filing of other or further certificates or documents; effect; fees.

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