456.117 Charter not deemed forfeited; filing articles; affidavit, report.

249 words·~1 min read·/mi/chapter-456/456-117

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Sec. 17.

Notwithstanding the provisions of any other laws, the charter of any corporation organized under this act shall not be deemed to be forfeited and the existence of such corporation shall not be deemed to be terminated because of its failure to file annual reports with any state official and/or to pay annual fees as required by any law of this state, provided that prior to July 1, 1954, such corporation shall file, or cause to be filed, with the corporation and securities commission true copies of its articles of association, any amendments thereto, and the affidavit of its treasurer, as required by section 3 hereof, duly authenticated by the clerk of the county in which such instruments were filed, and shall file therewith an affidavit of 1 of its officers setting forth that it has continued to exist and function as a corporation since its organization under the provisions of this act, and shall also file therewith the current annual report and pay such fee as is required by law, and thereafter such corporation shall file all annual reports and pay such fees as shall be required by any applicable law.

History: Add. 1953, Act 167, Eff. Oct. 2, 1953

Compiler's Notes: Original section 17 of Act 12 of 1869, which attempted to confer the power of eminent domain, was held unconstitutional in Portage Township Board of Health v. Van Hoesen, 87 Mich. 533, 535 N.W. 894 (1891).