Michigan Compiled Laws
Mich. Comp. Laws § 450.371 (2026)
Domestic corporations; terms of existence.
✓ current as of July 2026
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TERM OF EXISTENCE OF DOMESTIC CORPORATIONS
Act 26 of 1963 (2nd Ex. Sess.)
450.371 Domestic corporations; terms of existence.
Sec. 1.
Notwithstanding any other provision of law, the term of existence of every domestic corporation heretofore incorporated or hereafter incorporating under any law of this state may be perpetual or may be for a limited period of time, as fixed by its articles, or amendment thereto made before the expiration of its corporate term, or by a certificate of extension of its corporate term, or by a certificate of renewal of its corporate term.
History: 1963, 2nd Ex. Sess., Act 26, Eff. Jan. 1, 1964
Notes of Decisions
Cited in 4
cases, 1965–2020 · leading case: Hogg v. Four Lakes Ass'n, Inc, 861 N.W.2d 341 (Mich. Ct. App. 2014).
Hogg v. Four Lakes Ass'n, Inc, 861 N.W.2d 341 (Mich. Ct. App. 2014). “202 on SRO corporate existence was superseded by MCL 450.371, which allowed the term of existence of any Michigan corporation to be perpetual.”
Superx Drugs Corp. v. State Bd. of Pharmacy, 146 N.W.2d 1 (Mich. 1965). “ere not registered pharmacists when the act went into effect, or their widows, will die; administrators, executors or trustees of estates of deceased owners must eventually wind up those estates; but the life of a corporation is in no way limited by the statute and Michigan…”
Lombardi-Perwerton v. Lone Pine Ass'n, Inc. (E.D. Mich. 2020). “APPLICABLE LAW & ANALYSIS Count I: Winding Up of Corporation Whose Term Has Expired (Declaratory Relief Re: Owning Boat Slip in Fee)1 Michigan Compiled Laws § 450.371, which the parties agree governs this issue, (ECF Nos.”
Robert Roy v. Island & Fonda Lakes Ass'n (Mich. Ct. App. 2014). “” However, Const 1963 eliminated that restriction, and pursuant to MCL 450.371, corporate terms may now be perpetual.”
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