Michigan Compiled Laws
Mich. Comp. Laws § 450.2833 (2026)
Dissolved corporation; continuation of corporate existence; conduct of affairs.
✓ current as of July 2026
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NONPROFIT CORPORATION ACT
Act 162 of 1982
450.2833 Dissolved corporation; continuation of corporate existence; conduct of affairs.
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.
(c) Paying its debts and other liabilities.
(d) Doing all other acts incident to liquidation of its affairs.
History: 1982, Act 162, Eff. Jan. 1, 1983
Notes of Decisions
Cited in 3
cases (2 in the last 5 years), 2013–2024 · leading case: Amy McCormick v. Michigan State Univ. Coll. of Law (Mich. Ct. App. 2024).
Amy McCormick v. Michigan State Univ. Coll. of Law (Mich. Ct. App. 2024). “On appeal, plaintiffs raise essentially four arguments: (1) MCL 450.2833 (providing that a dissolved corporation shall continue its corporate existence but only conduct affairs for the purpose of winding up its affairs) and MCL 450.”
Emcasco Ins. Co. v. Woodward-Parker Corp. (E.D. Mich. 2024). “1925(1)] applies retroactively or prospectively to validate ‘all contracts entered into and other rights acquired’ during dissolution; (2) whether renewal pursuant to § 925 permits an administratively dissolved corporation to enforce contracts and rights not related to…”
Scott Woodbury v. Ruth Averill (Mich. 2013). “, applies retroactively or prospectively to validate “all contracts entered into and other rights acquired” during dissolution; (2) whether renewal pursuant to § 925 permits an administratively dissolved corporation to enforce contracts and rights not related to winding-up in…”
— Mich. Comp. Laws § 450.2833(c) — 1 case
Amy McCormick v. Michigan State Univ. Coll. of Law (Mich. Ct. App. 2024). “On appeal, plaintiffs raise essentially four arguments: (1) MCL 450.2833 (providing that a dissolved corporation shall continue its corporate existence but only conduct affairs for the purpose of winding up its affairs) and MCL 450.”
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