Sec. 925.
(1) A domestic corporation that is dissolved under section 922(1), or a foreign corporation whose certificate of authority is revoked under section 922(2) or section 1042, may renew its corporate existence or its certificate of authority by filing the annual reports under section 911 for the last 5 years or any lesser number of years in which the reports were not filed and paying the annual filing fees for all the years for which they were not paid, together with a penalty of $5.00 for each delinquent report. When the reports are filed and the fees and penalties are paid, the corporate existence or the certificate of authority is renewed. The administrator may require that the corporation adopt or use in this state a corporate name that conforms to the requirements of section 212.
(2) The rights of a corporation that complies with this section are the same as if a dissolution or revocation has not taken place, and all contracts entered into and other rights acquired during the interval are valid and enforceable.
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)
162-1982-9 - Chapter 9 (450.2901...450.2935)
Section 450.2911 - Annual Report to Administrator; Filing; Contents.
Section 450.2913 - Destruction or Disposal of Certain Records.
Section 450.2915 - Repealed. 2003, Act 107, Imd. Eff. July 24, 2003.
Section 450.2924 - Annual Reports Due or Deficient Prior to Date of Act; Penalties.
Section 450.2931 - Wilful False Statement in Report; Additional Penalty.
Section 450.2932 - Prohibited Conduct as Misdemeanor; Fine.
Section 450.2935 - Repealed. 2014, Act 557, Imd. Eff. Jan. 15, 2015.