{"data":{"id":"us-mi/mich.-comp.-laws-450.1833","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.1833","heading":"Corporate existence continued for purpose of winding up affairs.","body":"Sec. 833.\n\nExcept as a court may otherwise direct, a dissolved corporation shall continue its corporate existence but shall not carry on business except for the purpose of winding up its affairs by:\n\nCollecting its assets.\n\nSelling or otherwise transferring, with or without security, assets which are not to be distributed in kind to its shareholders.\n\nPaying its debts and other liabilities.\n\nDoing all other acts incident to liquidation of its business and affairs.","path":["MI Code","Chapter 450","Act Act-284-of-1972"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-1833","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"883743a08604b1b6158b90facc7629ae18609e43d486db884a411d6e50ad7170","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.1831","next":"us-mi/mich.-comp.-laws-450.1834"},"notice":"GroundRules: Original legal text. Not legal advice."}