Sec. 833. Except 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: (a) Collecting its assets. (b) Selling or otherwise transferring, with or without security, assets which are not to be distributed in kind to its shareholders. (c) Paying its debts and other liabilities. (d) Doing all other acts incident to liquidation of its business and affairs.
Mich. Comp. Laws § 450.1833
Corporate existence continued for purpose of winding up affairs
Applied in 13 court decisions — leading case Bergy Bros. v. Zeeland Feeder Pig, Inc. (1982)
Most recently applied in 771 F. Supp. 2d 791 - Tax Increment Finance Authority v. Liberty Mutual Insurance (March 2011)
1972, Act 284, Eff
How often courts cite this section
Court decisions citing this, by year. The dip in the last several years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the most recent years, so recent citations are undercounted.
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.