Michigan Compiled Laws

Mich. Comp. Laws § 600.3505 (2026)

Voluntary dissolution of corporations; dissolution; receiver; temporary receiver.

✓ current as of July 2026

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REVISED JUDICATURE ACT OF 1961

Act 236 of 1961

600.3505 Voluntary dissolution of corporations; dissolution; receiver; temporary receiver.

Sec. 3505.

If it appears to the court that the corporation is insolvent or that dissolution thereof would be beneficial to the stockholders and not injurious to the public, the court may dissolve the corporation and appoint a receiver of its estate and effects. Pending the hearing, the court may appoint a temporary receiver and prescribe his powers and duties.

History: 1961, Act 236, Eff. Jan. 1, 1963

Notes of Decisions

Cited in 2 cases, 1972–1984 · leading case: Hosner v. Brown, 199 N.W.2d 295 (Mich. Ct. App. 1972).

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Hosner v. Brown, 199 N.W.2d 295 (Mich. Ct. App. 1972). “Plaintiff relies on MCLA 600.3505; MSA 27A.3505 for the appointment of a receiver in his case.”

In re Dissolution of Esquire Prods. Int'l, Inc., 357 N.W.2d 77 (Mich. Ct. App. 1984). “) *496 MCL 600.3505; MSA 27A.3505 governs the appointment of a receiver: "If it appears to the court that the corporation is insolvent or that dissolution thereof would be beneficial to the stockholders and not injurious to the public, the court may dissolve the corporation and…”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.