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Michigan Compiled Laws, Chapter 450. Corporations § 450.1801

Current as of February 09, 2022 | Updated by FindLaw Staff

Sec. 801. (1) A corporation may be dissolved in any of the following ways:

(a) Automatically by expiration of a period of duration to which the corporation is limited by its articles of incorporation.

(b) By action of the incorporators or directors under section 803.  1

(c) By action of the board and the shareholders under section 804.  2

(d) Pursuant to an agreement under section 488, effected by filing a certificate under section 805.  4

(e) By a judgment of the circuit court in an action brought under this act or otherwise.

(f) Automatically, under section 922,  5 for failure to file an annual report or pay the filing fee.

(2) A corporation whose assets have been wholly disposed of under court order in receivership or bankruptcy proceedings may be summarily dissolved by order of the court having jurisdiction of the proceedings. A copy of the order shall be filed by the clerk of the court with the administrator.

1 M.C.L.A. § 450.1803.
2 M.C.L.A. § 450.1804.
3 M.C.L.A. § 450.1488.
4 M.C.L.A. § 450.1805.
5 M.C.L.A. § 450.1922.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 450. Corporations § 450.1801 - last updated February 09, 2022 | https://codes.findlaw.com/mi/chapter-450-corporations/mi-comp-laws-450-1801/

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