Mich. Comp. Laws § 455.220: Corporate term of existence; expiration; cessation of jurisdiction.

Sec. 20.

When a corporation, organized under this act, shall dissolve or its term of existence expires by limitation, all jurisdiction over streets, alleys and highways shall cease and the said streets, alleys and highways shall thereupon become dedicated to the use of the public, and in such case the lands of the members shall be cleared of all jurisdiction conferred by the provisions of this act.