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

Mich. Comp. Laws § 450.1774 (2026)

Costs of appraisal proceeding.

✓ current as of July 2026
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BUSINESS CORPORATION ACT


Act 284 of 1972


450.1774 Costs of appraisal proceeding.

Sec. 774.

    (1) The court in an appraisal proceeding commenced under section 773 shall determine all costs of the proceeding, including the reasonable compensation and expenses of appraisers appointed by the court. The court shall assess the costs against the corporation, except that the court may assess costs against all or some of the dissenters, in amounts the court finds equitable, to the extent the court finds the dissenters acted arbitrarily, vexatiously, or not in good faith in demanding payment under section 772.

    (2) The court may also assess the fees and expenses of counsel and experts for the respective parties, in amounts the court finds equitable in the following manner:

    (a) Against the corporation and in favor of any or all dissenters if the court finds the corporation did not substantially comply with the requirements of sections 764 through 772.

    (b) Against either the corporation or a dissenter, in favor of any other party, if the court finds that the party against whom the fees and expenses are assessed acted arbitrarily, vexatiously, or not in good faith with respect to the rights provided by this act.

    (3) If the court finds that the services of counsel for any dissenter were of substantial benefit to other dissenters similarly situated, and that the fees for those services should not be assessed against the corporation, the court may award to those counsel reasonable fees paid out of the amounts awarded the dissenters who were benefited.

History: Add. 1989, Act 121, Eff. Oct. 1, 1989

Notes of Decisions
Cited in 1 case, 1994–1994 · leading case: Ludington Fruit Exch., Inc v. Dolson, 514 N.W.2d 169 (Mich. Ct. App. 1994).
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Ludington Fruit Exch., Inc v. Dolson, 514 N.W.2d 169 (Mich. Ct. App. 1994). · cites it 2× “” MCL 450.1774(1); MSA 21.200(774)(1). Although the statute also allows some costs to be assessed against a dissenter who acts arbitrarily, the referee specifically found — and the court agreed — that respondent did not act arbitrarily.”
— Mich. Comp. Laws § 450.1774(1) — 1 case
Ludington Fruit Exch., Inc v. Dolson, 514 N.W.2d 169 (Mich. Ct. App. 1994). “” MCL 450.1774(1); MSA 21.200(774)(1). Although the statute also allows some costs to be assessed against a dissenter who acts arbitrarily, the referee specifically found — and the court agreed — that respondent did not act arbitrarily.”
— Mich. Comp. Laws § 450.1774(2) — 1 case
Ludington Fruit Exch., Inc v. Dolson, 514 N.W.2d 169 (Mich. Ct. App. 1994). “” MCL 450.1774(1); MSA 21.200(774)(1). Although the statute also allows some costs to be assessed against a dissenter who acts arbitrarily, the referee specifically found — and the court agreed — that respondent did not act arbitrarily.”
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