Michigan § 450.1803 - Conditions to dissolution by incorporators or directors; certificate of dissolution.
Full text of Michigan Michigan Compiled Laws § 450.1803 — Conditions to dissolution by incorporators or directors; certificate of dissolution., with citation guidance and answers to common questions.
§ 450.1803. Conditions to dissolution by incorporators or directors; certificate of dissolution.
A corporation may be dissolved by action of its incorporators or directors, if the corporation complies with all of the following conditions:
Has not commenced business.
Has not issued any shares.
Has no debts or other liabilities.
Has received no payments on subscriptions for its shares, or, if it has received payments, has returned them to those entitled thereto, less any part thereof disbursed for expenses.
The dissolution of the corporation shall be effected by a majority of the incorporators or directors, executing and filing a certificate of dissolution stating:
The name of the corporation.
That the corporation has not commenced business and has issued no shares, and has no debts or other liabilities.
That the corporation has received no payments on subscriptions to its shares, or, if it has received payments, has returned them to those entitled thereto, less any part thereof disbursed for expenses.
That a majority of the incorporators or directors have elected that the corporation be dissolved.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.1803
What does Michigan Compiled Laws § 450.1803 cover?
Section 450.1803 ("Conditions to dissolution by incorporators or directors; certificate of dissolution.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 450.1803?
A common citation format is "Michigan Compiled Laws § 450.1803" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 450.1803 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.