There is a newer version
of
this Section
2017 Michigan Compiled Laws
Chapter 450 - Corporations
Act 162 of 1982 NONPROFIT CORPORATION ACT (450.2101 - 450.3192)
162-1982-8 CHAPTER 8 (450.2801...450.2864)
Section 450.2833 Dissolved corporation; continuation of corporate existence; conduct of affairs.
Universal Citation: MI Comp L § 450.2833 (2017)
450.2833 Dissolved corporation; continuation of corporate existence; conduct of affairs.
Sec. 833.
Except as a court may otherwise direct, a dissolved corporation shall continue its corporate existence but shall not conduct affairs except for the purpose of winding up its affairs by:
(a) Collecting its assets.
(b) Selling or otherwise transferring, with or without security, assets which are not to be distributed in kind pursuant to section 855.
(c) Paying its debts and other liabilities.
(d) Doing all other acts incident to liquidation of its affairs.
History: 1982, Act 162, Eff. Jan. 1, 1983
Disclaimer: These codes may not be the most recent version. Michigan may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
