Michigan Compiled Laws

Mich. Comp. Laws § 450.1921 (2026)

Neglecting or refusing to file report or pay fee; penalty; exception; waiver.

✓ current as of July 2026

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BUSINESS CORPORATION ACT

Act 284 of 1972

450.1921 Neglecting or refusing to file report or pay fee; penalty; exception; waiver.

Sec. 921.

(1) If a domestic or foreign corporation neglects or refuses to file a report or pay a fee required by this act within the time specified, the corporation, in addition to its liability for the fee, is subject to a penalty of $10.00 for each month or part of a month that the corporation is delinquent, not to exceed $50.00.

(2) The penalty prescribed in this section shall not apply during an extension granted pursuant to section 923.

(3) As to penalties assessed under this section, the administrator may waive the assessment of the penalties in whole or in part where it appears the assessment of the penalties would constitute an improper and inequitable imposition upon the corporation and the administrator finds the waiver of such penalties to be in the public interest.

History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1973, Act 98, Imd. Eff. Aug. 8, 1973 ;-- Am. 1974, Act 303, Imd. Eff. Oct. 21, 1974 ;-- Am. 1975, Act 11, Imd. Eff. Mar. 25, 1975 ;-- Am. 1978, Act 32, Imd. Eff. Feb. 24, 1978 ;-- Am. 1982, Act 407, Eff. Jan. 1, 1983

Notes of Decisions

Cited in 5 cases, 1974–1997 · leading case: Morris Cruises v. Irwin Yacht & Marine Corp., 478 N.W.2d 693 (Mich. Ct. App. 1991).

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Morris Cruises v. Irwin Yacht & Marine Corp., 478 N.W.2d 693 (Mich. Ct. App. 1991). · cites it 2× “While suspension of powers is no longer a penalty for noncompliance with the requirements of filing annual reports, see MCL 450.1921; MSA 21.200(921), a corporation that neglects to file its annual report for a period of two years is subject to automatic dissolution under MCL…”

Great Lakes Gas Transmission Co. v. State Treasurer, 364 N.W.2d 773 (Mich. Ct. App. 1985). “886 and MCL 450.1921; MSA 21.200(921) and MCL 450.”

Attorney Gen. ex rel. Dep't of Treasury v. Great Lakes Real Est. Inv. Trust, 257 N.W.2d 248 (Mich. Ct. App. 1977). “205, and that consequently, defendant was liable for the 1973 and 1974 taxes, and, in addition, subject to the imposition of a ten percent penalty and one percent per month for each month or part of a month that defendant was delinquent in the payment of said fees as provided…”

Phoenix Energy Sales Co. v. Goodman, 960 F. Supp. 1253 (E.D. Mich. 1997). · cites it 4× “This amount did not include the sum owed as a penalty for late filing pursuant to Section 921 of the Michigan Business Corporation Act, Mich.Comp.Laws § 450.1921. Thus, on July 15, 1995 (two years and sixty days after the 1993 deadline for filing an annual report and fee), CGMI…”

Trans Plastic, Inc. v. Conser Constr. Co., 220 N.W.2d 762 (Mich. Ct. App. 1974). “MCLA 450.1921; MSA 21.200(921) and MCLA 450.”

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