600.3601 Restraint of unauthorized exercise of corporate rights, privileges, or franchises; injunction before answer; continuance. Sec. 3601. (1) Upon complaint being filed by the attorney general, the circuit court may enjoin any corporation from assuming or exercising any franchise, liberty, or privilege or transacting any business not authorized by the corporation’s charter. The court may […]
600.3605 Circuit courts; power; jurisdiction; plaintiffs; visitorial powers vested in corporate body or public officer. Sec. 3605. (1) Circuit courts have the power, and actions may be brought in the circuit courts: (a) to compel persons to account for their conduct in the management and disposition of the corporate funds and corporate property committed to […]
600.3610 Sequestration of corporate property; distribution of assets upon final judgment. Sec. 3610. (1) Whenever a judgment is obtained against any corporation, incorporated under the laws of this state, and an execution issued upon the judgment is returned unsatisfied, in part or in whole, upon the petition of the person who obtained the judgment, or […]
600.3615 Repealed. 2002, Act 433, Imd. Eff. June 10, 2002. Compiler’s Notes: The repealed section pertained to corporations insolvent for one year.
600.3620 Creditor’s bill against directors or stockholders; jurisdiction of circuit court; accounts; receivers; determination of liability; distribution of property. Sec. 3620. (1) Whenever any creditor of a corporation seeks to charge the directors, trustees or other superintending officers of such corporation, or the stockholders thereof, on account of any liability created by law, he may […]
600.3625 Debt; enforcement of payment; stock subscriptions; determination of liability. Sec. 3625. (1) In all cases in which the directors or other officers of a corporation, or the stockholders thereof, are parties to the action in which judgment is rendered, if the property of such corporation is insufficient to discharge its debts, the court shall […]
600.3630 Discovery of corporate assets; answer by officer, agent, or stockholder; answers and examinations of witnesses; use of evidence. Sec. 3630. (1) Upon any application to the court having jurisdiction, in any of the cases provided in this chapter, such court may compel such corporation to discover any stock, property, things in action or effects […]
600.3635 Injunction against other proceedings by creditors; notice to creditors to exhibit claims; failure to exhibit claims and become parties. Sec. 3635. (1) Whenever any complaint is filed or any application is made against any corporation, its directors or other superintending officers, or its stockholders, according to the provisions of this chapter, the court may […]
600.3640 Inapplicability of chapter; library; lyceum; religious corporation; academy; select school; burying ground corporation; insurance or fraternal benefit association. Sec. 3640. The provisions of this chapter do not extend to any incorporated library or lyceum society; to any religious corporation; to any incorporated academy or select school; or to the proprietors of any burying ground […]
600.3645 Actions equitable in nature. Sec. 3645. Actions brought under this chapter are equitable in nature. History: 1961, Act 236, Eff. Jan. 1, 1963
