{"data":{"id":"us-mi/mich.-comp.-laws-600.3505","jurisdiction":"us-mi","citation":"Mich. Comp. Laws § 600.3505","heading":"Voluntary dissolution of corporations; dissolution; receiver; temporary receiver.","body":"Sec. 3505.\n\nIf it appears to the court that the corporation is insolvent or that dissolution thereof would be beneficial to the stockholders and not injurious to the public, the court may dissolve the corporation and appoint a receiver of its estate and effects. Pending the hearing, the court may appoint a temporary receiver and prescribe his powers and duties.","path":["MI Code","Chapter 600","Act Act-236-of-1961"],"source_url":"https://www.legislature.mi.gov/Laws/MCL?objectName=mcl-600-3505","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:31Z","sha256":"04364ec1b927ec67d378f43ac42fc536327527967b9b13970e06bffa721787d7","source_id":"us-mi","stale":false,"prev":"us-mi/mich.-comp.-laws-600.3501","next":"us-mi/mich.-comp.-laws-600.3510"},"notice":"GroundRules: Original legal text. Not legal advice."}