Michigan Compiled Laws

Mich. Comp. Laws § 450.1855 (2026)

Repealed. 1989, Act 121, Eff. Oct. 1, 1989.

✓ current as of July 2026

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BUSINESS CORPORATION ACT

Act 284 of 1972

450.1855 Repealed. 1989, Act 121, Eff. Oct. 1, 1989.

Repealed. 1989, Act 121, Eff. Oct. 1, 1989.

Compiler's Notes:

The repealed section pertained to distribution of assets to shareholders.

Notes of Decisions

Cited in 4 cases, 1986–2008 · leading case: Sudden Serv., Inc. v. Brockman Forklifts, Inc., 647 F. Supp. 2d 811 (E.D. Mich. 2008).

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Sudden Serv., Inc. v. Brockman Forklifts, Inc., 647 F. Supp. 2d 811 (E.D. Mich. 2008). · cites it 2× “” Mich. Comp. Laws § 450.1345 (3). See also Mich.”

Christner v. Anderson, Nietzke & Co., Pc, 444 N.W.2d 779 (Mich. 1989). · cites it 2× “MCL 450.1855; MSA 21.200(855), MCL 450.1551; MSA 21.”

Christner v. Anderson, Nietzke & Co., Pc, 401 N.W.2d 641 (Mich. Ct. App. 1986). “MCL 450.1855; MSA 21.200(855), MCL 450.Í551; MSA 21.”

Borock v. Michigan Nat'l Bank of Detroit (In re Piscitello), 67 B.R. 893 (E.D. Mich. 1986). “§ 450.1855. Since the corporate assets were not distributed to Bartolo Pisci-tello, nor could they have been without satisfying or providing for the claim of Ford Motor Credit Company, Bartolo Pisci- *899 tello had no interest in the escrow fund which he could encumber.”

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