Sec. 921. (1) If a domestic or foreign corporation neglects or refuses to file a report or pay a fee required by this act within the time specified, the corporation, in addition to its liability for the fee, is subject to a penalty of $10.00 for each month or part of a month that the corporation is delinquent, not to exceed $50.00. (2) The penalty prescribed in this section shall not apply during an extension granted pursuant to section 923. (3) As to penalties assessed under this section, the administrator may waive the assessment of the penalties in whole or in part where it appears the assessment of the penalties would constitute an improper and inequitable imposition upon the corporation and the administrator finds the waiver of such penalties to be in the public interest.
Mich. Comp. Laws § 450.1921
Neglecting or refusing to file report or pay fee; penalty; exception; waiver
Applied in 4 court decisions — leading case Attorney General ex rel. Department of Treasury v. Great Lakes Real Estate Investment Trust (1977)
Most recently applied in Phoenix Energy Sales Co. v. Goodman (March 1997)
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.