Sec. 821.
(1) The attorney general may bring an action in the circuit court for the county in which the principal place of business or registered office of a corporation is located or for Ingham county for dissolution of a corporation on the ground that the corporation has committed any of the following acts:
(a) Procured its organization through fraud.
(b) Repeatedly, willfully, and materially exceeded the authority conferred on it by law.
(c) Repeatedly, willfully, and materially conducted its affairs in an unlawful manner.
(2) The enumeration in this section of grounds for dissolution does not exclude any other statutory or common law action by the attorney general for dissolution of a corporation or revocation or forfeiture of its corporate franchises.
History: 1982, Act 162, Eff. Jan. 1, 1983 ;-- Am. 2014, Act 557, Imd. Eff. Jan. 15, 2015
Structure Michigan Compiled Laws
Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)
162-1982-8 - Chapter 8 (450.2801...450.2864)
Section 450.2805 - Dissolution Under Agreement Under MCL 450.2488; Effectiveness.
Section 450.2815 - Renewal of Corporate Existence.
Section 450.2825 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2831 - Dissolution of Corporation; Conditions.
Section 450.2833 - Dissolved Corporation; Continuation of Corporate Existence; Conduct of Affairs.
Section 450.2841 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2841a - Written Notice to Claimants of Dissolved Corporation.
Section 450.2842 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2842a - Publication of Notice of Dissolved Corporation.
Section 450.2843 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.
Section 450.2855 - Dissolution of Corporation; Applicable Provisions.