Michigan § 458.407 - Extension of corporate existence; term; filing resolution with department of commerce; effect.
Full text of Michigan Michigan Compiled Laws § 458.407 — Extension of corporate existence; term; filing resolution with department of commerce; effect., with citation guidance and answers to common questions.
§ 458.407. Extension of corporate existence; term; filing resolution with department of commerce; effect.
Any corporation organized under the provisions of this act whose corporate existence is about to expire by limitation may extend its corporate existence for a term not exceeding 30 years, by filing with the corporation and securities bureau of the department of commerce duly attested copies of a resolution adopted by such corporation at a meeting called in accordance with the provisions of its bylaws expressing a desire to so extend its corporate existence, and upon the filing of such resolution as above specified, the corporate existence of such body shall be extended in accordance with the terms of such resolution for a term of not exceeding 30 years from the date of the expiration of its former term, and all rights of property and of contract shall remain unimpaired and the corporate identity of such body shall remain unchanged.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 458.407
What does Michigan Compiled Laws § 458.407 cover?
Section 458.407 ("Extension of corporate existence; term; filing resolution with department of commerce; effect.") 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 § 458.407?
A common citation format is "Michigan Compiled Laws § 458.407" (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 § 458.407 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.