Sec. 1032.
If a foreign corporation files an application for withdrawal and pays the filing fees prescribed by law, the administrator shall issue to the foreign corporation a certificate of withdrawal, and both of the following shall occur:
(a) The authority of the foreign corporation to conduct affairs in this state is terminated.
(b) The authority of its resident agent in this state to accept service of process against the foreign corporation is revoked.
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)
162-1982-10 - Chapter 10 (450.3001...450.3099)
Section 450.3013 - Acquisition of Federally Insured or Guaranteed Loan by Foreign Corporation.
Section 450.3032 - Issuance of Certificate of Withdrawal to Foreign Corporation; Conditions; Effect.
Section 450.3060 - Fees; Payment; Certification of File or Record; Waiver; Form of Payment.
Section 450.3061 - Fee for Privilege of Exercising Franchises in State.