Mich. Comp. Laws » Michigan Compiled Laws / Chapter 450 / Act 284 of 1972
Michigan Compiled Laws

Mich. Comp. Laws § 450.1127 (2026)

Applicability to existing corporations; saving clause.

✓ current as of July 2026
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BUSINESS CORPORATION ACT


Act 284 of 1972


450.1127 Applicability to existing corporations; saving clause.

Sec. 127.

    (1) This act does not affect the duration of a corporation which exists on the effective date of this act. An existing corporation and its shareholders, directors and officers have the same rights and are subject to the same limitations, restrictions, liabilities and penalties as a corporation formed under this act, and its shareholders, directors and officers.

    (2) This act does not affect a cause of action, liability, penalty or action or special proceeding, which on the effective date of this act is accrued, existing, incurred or pending, but the same may be asserted, enforced, prosecuted or defended as if this act had not been enacted.

History: 1972, Act 284, Eff. Jan. 1, 1973

Notes of Decisions
Cited in 3 cases, 1974–2009 · leading case: Flint Cold Storage v. Dep't of Treasury, 776 N.W.2d 387 (Mich. Ct. App. 2009).
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Flint Cold Storage v. Dep't of Treasury, 776 N.W.2d 387 (Mich. Ct. App. 2009). “…of the BCA govern all corporations that were in existence on the effective date of the BCA. See MCL 450.1121; MCL 450.1127(1).”
Erdman v. Yolles, 233 N.W.2d 667 (Mich. Ct. App. 1975). · cites it 2× “The new Business Corporations Act contains a savings clause, MCLA 450.1127; MSA 21.200(127), the relevant portion of which provides: "(2) This act does not affect a cause of action, liability, penalty or action or special proceeding, which on the effective date of this act is…”
Behlen Mfg. Co. v. Andries-Butler Inc., 217 N.W.2d 125 (Mich. Ct. App. 1974). “MCLA 450.1127(2); MSA 21.200(127)(2). 2 Currently the Corporation and Securities Bureau, Corporation Division, of the Department of Commerce.”
— Mich. Comp. Laws § 450.1127(1) — 1 case
Flint Cold Storage v. Dep't of Treasury, 776 N.W.2d 387 (Mich. Ct. App. 2009). “…of the BCA govern all corporations that were in existence on the effective date of the BCA. See MCL 450.1121; MCL 450.1127(1).”
— Mich. Comp. Laws § 450.1127(2) — 1 case
Behlen Mfg. Co. v. Andries-Butler Inc., 217 N.W.2d 125 (Mich. Ct. App. 1974). “MCLA 450.1127(2); MSA 21.200(127)(2). 2 Currently the Corporation and Securities Bureau, Corporation Division, of the Department of Commerce.”
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