Michigan Compiled Laws
162-1982-8 - Chapter 8 (450.2801...450.2864)
Section 450.2861 - Plan of Reorganization; Action by Directors, Shareholders, or Members Not Required to Put Plan Into Effect.

Sec. 861.
A corporation for which a plan of reorganization has been confirmed by the judgment of a court of competent jurisdiction pursuant to any applicable law of this state or the United States may put into effect and carry out the plan without action by its directors, shareholders, or members. Such action may be taken as directed in the judgment by the receiver or trustee of the corporation appointed in the reorganization proceedings, or by any other person designated by the court.
History: 1982, Act 162, Eff. Jan. 1, 1983

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Structure Michigan Compiled Laws

Michigan Compiled Laws

Chapter 450 - Corporations

Act 162 of 1982 - Nonprofit Corporation Act (450.2101 - 450.3192)

162-1982-8 - Chapter 8 (450.2801...450.2864)

Section 450.2801 - Dissolution of Corporation; Methods; Summary Dissolution of Corporation Whose Assets Disposed of Under Court Order in Receivership or Bankruptcy Proceedings; Filing Copy of Order With Administrator.

Section 450.2803 - Dissolution of Corporation by Action of Incorporators or Directors; Conditions; Certificate of Dissolution.

Section 450.2804 - Dissolution of Corporation by Action of Shareholders or Members; Recommendation; Exceptions; Approval or Authorization; Notice; Voting; Certificate.

Section 450.2805 - Dissolution Under Agreement Under MCL 450.2488; Effectiveness.

Section 450.2811 - Revocation of Dissolution Proceedings; Filing and Execution of Certificate; Additional Manner of Revocation.

Section 450.2815 - Renewal of Corporate Existence.

Section 450.2817 - Effect of Filing Certificate of Revocation of Dissolution or Renewal of Corporate Existence; Accrued Penalty or Liability; Adoption of Corporate Name; Rights.

Section 450.2821 - Action by Attorney General for Dissolution of Corporation; Grounds; Other Actions.

Section 450.2823 - Dissolution of Corporation by Judgment in Action Brought in Court; Proof; Action for Dissolution of Charitable Purpose Corporation.

Section 450.2825 - Repealed. 2014, Act 557, Imd.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 450.2834 - Dissolved Corporation and Officers, Directors, Shareholders, and Members; Manner of Functioning.

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 450.2851 - Application for Judgment That Affairs of Corporation and Liquidation of Assets Continue Under Supervision of Court; Orders and Judgments; Permitting Creditor to File Claim or Commence Proceeding.

Section 450.2855 - Dissolution of Corporation; Applicable Provisions.

Section 450.2861 - Plan of Reorganization; Action by Directors, Shareholders, or Members Not Required to Put Plan Into Effect.

Section 450.2862 - Powers of Corporation Under Reorganization; Issuing Shares of Capital Stock and Bonds for Consideration Specified in Plan of Reorganization.

Section 450.2863 - Document Filed or Recorded to Accomplish Corporate Purpose Pursuant to Plan of Reorganization; Making, Execution, and Acknowledgment; Contents; Filing.

Section 450.2864 - Reversal or Vacation of Reorganization Plan; Filing of Other or Further Certificates or Documents; Effect; Fees.