For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Distribution of assets generally.

MCL 450.3162
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
450.3162. Distribution of assets generally. Sec. 1162. In the event of an amendment to the articles of incorporation or bylaws, merger, or disposition of substantially all of the assets of a cooperative, or a dissolution, that results in a distribution of all or substantially all of the assets of the corporation to members, the corporation shall make that distribution in the manner and order provided in section 1183. Add. 1984, Act 209, Eff. Nov. 1, 1985; Am. 2014, Act 557, Imd. Eff. Jan. 15, 2015
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-450-3162Fetched: 10/20/2026

Starting a business in Michigan? Michigan LLC guide: costs and requirements