458.109 Certificate of dissolution; execution; acknowledgment; recording; powers, privileges, duties, trusts, and obligations of new organization.
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458.109 Certificate of dissolution; execution; acknowledgment; recording; powers, privileges, duties, trusts, and obligations of new organization.
Sec. 9.
If such consent for dissolving such corporation for the purposes as above mentioned shall be so obtained, then a certificate containing an account of such dissolution shall be executed and acknowledged by the presiding officer and secretary of said meeting, and be recorded in the corporation and securities bureau of the department of commerce, and on compliance with the provisions of this act all the property, powers, privileges, duties, trusts, and obligations of every kind possessed by or pertaining to the original corporation thus dissolved shall pass to and be possessed by the new organization.
History: 1899, Act 54, Imd. Eff. May 2, 1899 ;-- CL 1915, 10950 ;-- CL 1929, 10909 ;-- CL 1948, 458.109 ;-- Am. 1982, Act 446, Eff. Mar. 30, 1983