{"data":{"id":"us-mi/mich.-comp.-laws-450.1803","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.1803","heading":"Conditions to dissolution by incorporators or directors; certificate of dissolution.","body":"Sec. 803.\n\nA corporation may be dissolved by action of its incorporators or directors, if the corporation complies with all of the following conditions:\n\nHas not commenced business.\n\nHas not issued any shares.\n\nHas no debts or other liabilities.\n\nHas received no payments on subscriptions for its shares, or, if it has received payments, has returned them to those entitled thereto, less any part thereof disbursed for expenses.\n\nThe dissolution of the corporation shall be effected by a majority of the incorporators or directors, executing and filing a certificate of dissolution stating:\n\nThe name of the corporation.\n\nThat the corporation has not commenced business and has issued no shares, and has no debts or other liabilities.\n\nThat the corporation has received no payments on subscriptions to its shares, or, if it has received payments, has returned them to those entitled thereto, less any part thereof disbursed for expenses.\n\nThat a majority of the incorporators or directors have elected that the corporation be dissolved.","path":["MI Code","Chapter 450","Act Act-284-of-1972"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-1803","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"982c8067f0357e7fafeb057c885dff10da7dc6fd883ca24afba74a02490cf708","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.1801","next":"us-mi/mich.-comp.-laws-450.1804"},"notice":"GroundRules: Original legal text. Not legal advice."}