Michigan § 450.3061 - Fee for privilege of exercising franchises in state.
Full text of Michigan Michigan Compiled Laws § 450.3061 — Fee for privilege of exercising franchises in state., with citation guidance and answers to common questions.
§ 450.3061. Fee for privilege of exercising franchises in state.
Every corporation organized or conducting affairs in this state shall, upon filing its articles, or, if a foreign corporation, upon filing its application for admission, pay to the administrator a fee of $10.00 for the privilege of exercising its franchises within this state, upon such organization or admission as the case may be.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 450.3061
What does Michigan Compiled Laws § 450.3061 cover?
Section 450.3061 ("Fee for privilege of exercising franchises in state.") 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 § 450.3061?
A common citation format is "Michigan Compiled Laws § 450.3061" (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 § 450.3061 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.