Michigan § 600.3625 - Debt; enforcement of payment; stock subscriptions; determination of liability.
Full text of Michigan Michigan Compiled Laws § 600.3625 — Debt; enforcement of payment; stock subscriptions; determination of liability., with citation guidance and answers to common questions.
§ 600.3625. Debt; enforcement of payment; stock subscriptions; determination of liability.
In all cases in which the directors or other officers of a corporation, or the stockholders thereof, are parties to the action in which judgment is rendered, if the property of such corporation is insufficient to discharge its debts, the court shall proceed to compel each stockholder to pay in the amount due and remaining unpaid on the shares of the stock held by him, or so much thereof as is necessary to satisfy the debts of the company.
If the debts of the company remain unsatisfied, the court shall proceed to ascertain the respective liabilities of the directors or other officers, and of the stockholders, and to adjudge the amount payable by each.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 600.3625
What does Michigan Compiled Laws § 600.3625 cover?
Section 600.3625 ("Debt; enforcement of payment; stock subscriptions; determination of liability.") 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 § 600.3625?
A common citation format is "Michigan Compiled Laws § 600.3625" (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 § 600.3625 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.