» Business Law
Judges named to serve on Michigan’s new Business Courts
April 5th, 2013
The Michigan Supreme Court has appointed the following 18 judges to serve on Michigan’s new business courts: 3rd Circuit Court (Wayne) — Judge Jeanne Stempien 22nd Circuit Court (Washtenaw) — Judge Archie Brown 31st Circuit Court (St. Clair) …
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Categories: Business Law
"No Award" outside possible range of awards for shareholder oppression
September 28th, 2012
In an unpublished opinion dated September 27, 2012 in Ginnard v Advanced Design and Prototype Technologies, Inc., the Michigan Court of Appeals reversed the Oakland Circuit Court’s opinion and order denying plaintiff Mark Ginnard’s request for sh…
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Categories: Business Law
Business Courts Bill moves on to the House
September 26th, 2012
On Thursday, September 20, 2012 the Michigan Senate passed its version of HB-5128, which will establish business courts throughout the state. Now that the bill has passed the Senate, it is on to the House for a concurrence vote. According to Section…
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Categories: Business Law
Business Guide to Selling Securities
July 16th, 2012
The State of Michigan has a few excellent resource guides available on its Web site, including a Business Guide to Selling Securities. The guide gives a general overview of the Michigan Uniform Securities Act and provides a summary of the registratio…
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Categories: Business Law
Forbearance Agreements
December 30th, 2010
A forbearance agreement is a contract between a borrower and a lender where the lender agrees to not exercise certain rights that it has under an existing agreement in exchange for actions on the part of the borrower. An example would be a bank’…
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Categories: Business Law
Undoing an Automatic Dissolution: Renewal of Corporate Existence in Michigan
September 10th, 2010
The Business Corporation Act, P.A. 284 of 1972 allows a domestic corporation that was automatically dissolved to renew its corporate existence by filing the reports and paying the required fees (including late fees and penalties) for the years they w…
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Categories: Business Law