Sec. 4531. Whenever any such judgment is rendered, any court having equity jurisdiction has the same powers to restrain the corporation against which it is rendered; to appoint a receiver of its property and effects; and to take an account and make distribution thereof among its creditors, as in the case of the voluntary dissolution of a corporation, and the attorney general shall, immediately after the rendering of any such judgment, institute proceedings for that purpose.
Mich. Comp. Laws § 600.4531
Judgment against corporation; restraint; receiver; accounting; distribution of assets; duty of attorney general
Applied in 2 court decisions — leading case 178 Mich. App. 634 - Wayne County Jail Inmates v. Wayne County Chief Executive Officer (1989)
Most recently applied in 178 Mich. App. 634 - Wayne County Jail Inmates v. Wayne County Chief Executive Officer (July 1989)
1961, Act 236, Eff
Official source: Michigan Legislature. Reproduced from public-domain Michigan statutes; confirm against the official source for the current text. Not legal advice.