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Michigan Compiled Laws, Chapter 450. Corporations § 450.2833

Current as of January 01, 2025 | Updated by Findlaw Staff

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.  1

(c) Paying its debts and other liabilities.

(d) Doing all other acts incident to liquidation of its affairs.

1 M.C.L.A. § 450.2855.
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Cite this article: FindLaw.com - Michigan Compiled Laws, Chapter 450. Corporations § 450.2833 - last updated January 01, 2025 | https://codes.findlaw.com/mi/chapter-450-corporations/mi-comp-laws-450-2833/

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