Sec. 925.
(1) A domestic corporation which has been dissolved under subsection (1) of section 922, or a foreign corporation whose certificate of authority has been revoked under subsection (2) of section 922 or section 1042, may renew its corporate existence or its certificate of authority by filing the reports and paying the fees for the years for which they were not filed and paid, and for every subsequent intervening year, together with the penalties provided by section 921. Upon filing the reports and payment of the fees and penalties, the corporate existence or the certificate of authority is renewed. The administrator may require the corporation to adopt or use within this state a corporate name that conforms to the requirements of section 212.
(2) Upon compliance with the provisions of this section, the rights of the corporation shall be the same as though a dissolution or revocation had not taken place, and all contracts entered into and other rights acquired during the interval shall be valid and enforceable.
History: 1972, Act 284, Eff. Jan. 1, 1973 ;-- Am. 1973, Act 98, Imd. Eff. Aug. 8, 1973 ;-- Am. 1989, Act 121, Eff. Oct. 1, 1989
Structure Michigan Compiled Laws
Act 284 of 1972 - Business Corporation Act (450.1101 - 450.2099)
284-1972-9 - Chapter 9 Reports (450.1901...450.1935)
Section 450.1901 - Financial Report.
Section 450.1911 - Annual Report; Filing Date; Contents; Exception; Information Unchanged.
Section 450.1913 - Destruction or Disposition of Corporate Documents by County Clerk.
Section 450.1915 - Repealed. 2003, Act 106, Imd. Eff. July 24, 2003.
Section 450.1921 - Neglecting or Refusing to File Report or Pay Fee; Penalty; Exception; Waiver.
Section 450.1924 - Annual Reports Due or Deficient; Penalties and Interest.
Section 450.1931 - Wilful False Statement in Report; Penalty.
Section 450.1935 - Repealed. 1989, Act 121, Eff. Oct. 1, 1989.