Michigan § 450.1834 - Functions of dissolved corporation and its officers, directors, and shareholders continued.
Full text of Michigan Michigan Compiled Laws § 450.1834 — Functions of dissolved corporation and its officers, directors, and shareholders continued., with citation guidance and answers to common questions.
§ 450.1834. Functions of dissolved corporation and its officers, directors, and shareholders continued.
Subject to section 833 and except as otherwise provided by court order, a dissolved corporation, its officers, directors and shareholders shall continue to function in the same manner as if dissolution had not occurred. Without limiting the generality of this section:
The directors of the corporation are not deemed to be trustees of its assets and shall be held to no greater standard of conduct than that prescribed by section 541a.
Title to the corporation's assets remains in the corporation until transferred by it in the corporate name.
The dissolution does not change quorum or voting requirements for the board or shareholders, and does not alter provisions regarding election, appointment, resignation or removal of, or filling vacancies among, directors or officers, or provisions regarding amendment or repeal of bylaws or adoption of new bylaws.
Shares may be transferred.
The corporation may sue and be sued in its corporate name and process may issue by and against the corporation in the same manner as if dissolution had not occurred.
An action brought against the corporation before its dissolution does not abate because of the dissolution.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.1834
What does Michigan Compiled Laws § 450.1834 cover?
Section 450.1834 ("Functions of dissolved corporation and its officers, directors, and shareholders continued.") 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 § 450.1834?
A common citation format is "Michigan Compiled Laws § 450.1834" (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 § 450.1834 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.