Mich. Comp. Laws § 600.4531

Current through Public Act 166 of the 2024 Legislative Session
Section 600.4531 - Judgment against corporation; restraint; receiver; accounting; distribution of assets; duty of attorney general

Whenever any such judgment is rendered, any court having equity jurisdiction has the same powers to restrain the corporation against which it is rendered; to appoint a receiver of its property and effects; and to take an account and make distribution thereof among its creditors, as in the case of the voluntary dissolution of a corporation, and the attorney general shall, immediately after the rendering of any such judgment, institute proceedings for that purpose.

MCL 600.4531

1961, Act 236, Eff. 1/1/1963.