450.3032 Issuance of certificate of withdrawal to foreign corporation; conditions; effect.
104 words·~1 min read·
/mi/chapter-450/450-3032A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
450.3032 Issuance of certificate of withdrawal to foreign corporation; conditions; effect.
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