{"data":{"id":"us-mi/mich.-comp.-laws-450.2803","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 450.2803","heading":"Dissolution of corporation by action of incorporators or directors; conditions; 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 affairs.\n\nHas not issued any shares and has no members entitled to vote on dissolution.\n\nHas no debts or other liabilities.\n\nHas received no payments on subscriptions for its shares or memberships, contributions or other funds from members or third parties, 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 affairs, has issued no shares, and has no members entitled to vote on dissolution, and has no debts or other liabilities.\n\nThat the corporation has received no payments on subscriptions to its shares or memberships, contributions or other funds from members or third parties, 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-162-of-1982"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-450-2803","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"7c440b5a6b09d22ee37f448f5d1b110d38f5804ac7123c3e75d0e5de4ccdd870","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-450.2801","next":"us-mi/mich.-comp.-laws-450.2804"},"notice":"GroundRules: Original legal text. Not legal advice."}