Michigan § 600.3610 - Sequestration of corporate property; distribution of assets upon final judgment.
Full text of Michigan Michigan Compiled Laws § 600.3610 — Sequestration of corporate property; distribution of assets upon final judgment., with citation guidance and answers to common questions.
§ 600.3610. Sequestration of corporate property; distribution of assets upon final judgment.
Whenever a judgment is obtained against any corporation, incorporated under the laws of this state, and an execution issued upon the judgment is returned unsatisfied, in part or in whole, upon the petition of the person who obtained the judgment, or his representative, the circuit court may sequester the stock, property, things in action, and effects of the corporation, and may appoint a receiver of the corporation.
Upon a final judgment, the court shall cause a just and fair distribution of the property of the corporation, and of the proceeds thereof, to be made among the creditors of such corporation, in proportion to their debts respectively, who shall be paid in the same order as provided in the case of a voluntary dissolution of a corporation.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 600.3610
What does Michigan Compiled Laws § 600.3610 cover?
Section 600.3610 ("Sequestration of corporate property; distribution of assets upon final judgment.") 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 § 600.3610?
A common citation format is "Michigan Compiled Laws § 600.3610" (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 § 600.3610 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.