Michigan Laws 450.4804 – Certificate of dissolution; filing; contents
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Terms Used In Michigan Laws 450.4804
- Administrator: means the director of the department or his or her designated representative. See Michigan Laws 450.4102
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(1) When it begins winding up its affairs, a limited liability company that dissolves under section 801(b) or (c) shall execute a certificate of dissolution as provided in section 103 and file the certificate with the administrator. The certificate of dissolution shall contain all of the following:
(a) The name of the limited liability company.
(b) The reason for the dissolution.
(c) The effective date of the dissolution if later than the date of filing of the certificate of dissolution.
(2) When it begins winding up its affairs, a limited liability company that dissolves under section 801(e) shall execute a certificate of dissolution as provided in section 103 and file the certificate with the administrator. The certificate of dissolution shall contain all of the following:
(a) The name of the limited liability company.
(b) A statement that includes all of the following:
(i) That the limited liability company has not commenced business, has not issued any membership interests, and has no debts or other liabilities.
(ii) That the limited liability company has not received any payments, or has returned any payments it has received after deducting any amount disbursed for payment of expenses, for subscriptions for its membership interests.
(iii) That a majority of the organizers of the limited liability company have approved the dissolution.