Michigan § 450.1833 - Corporate existence continued for purpose of winding up affairs.
Full text of Michigan Michigan Compiled Laws § 450.1833 — Corporate existence continued for purpose of winding up affairs., with citation guidance and answers to common questions.
§ 450.1833. Corporate existence continued for purpose of winding up affairs.
Except as a court may otherwise direct, a dissolved corporation shall continue its corporate existence but shall not carry on business except for the purpose of winding up its affairs by:
Collecting its assets.
Selling or otherwise transferring, with or without security, assets which are not to be distributed in kind to its shareholders.
Paying its debts and other liabilities.
Doing all other acts incident to liquidation of its business and affairs.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.1833
What does Michigan Compiled Laws § 450.1833 cover?
Section 450.1833 ("Corporate existence continued for purpose of winding up affairs.") 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 § 450.1833?
A common citation format is "Michigan Compiled Laws § 450.1833" (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 § 450.1833 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.