Michigan Laws 450.3031 – Foreign corporation authorized to conduct affairs in state; withdrawal; certificate; application
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A foreign corporation authorized to conduct affairs in this state may withdraw from this state upon receiving from the administrator a certificate of withdrawal. The foreign corporation shall file an application for withdrawal setting forth:
(a) The name of the corporation and the jurisdiction of its incorporation.
Terms Used In Michigan Laws 450.3031
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories belonging to the United States; and the words "United States" shall be construed to include the district and territories. See Michigan Laws 8.3o
(b) That the corporation is not conducting affairs in this state.
(c) That the corporation surrenders its authority to conduct affairs in this state.