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§ 487.3704 — Michigan Law | CourtGPT
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  2. Laws/
  3. Michigan/
  4. Chapter 487 - Financial Institutionsact 349 of 1925 - Adverse Claim to Bank Deposit (487.691 - 487.691)/
  5. Statute Act 354 of 1996/
  6. Division 354 1996 7/
  7. § 487.3704
Michigan Legal Code

§ 487.3704

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487.3704 Consolidated organization; service of process; prosecution. Sec. 704. (1) Whether it maintains a presence in this state, a consolidated organization or any of its successors in interest are subject to service of process in a proceeding in this state for enforcement of any obligation incurred in this state by a consolidating organization that is or was a party to a consolidation. (2) An action or proceeding by or against a consolidating organization in a court or any other public tribunal of this state may be prosecuted to judgment, as if consolidation had not taken place or the consolidated organization may be substituted in the place of any consolidating organization whose existence has ceased. History: 1996, Act 354, Imd. Eff. July 1, 1996