Ecorse Screw MacHine Products Co. v. Corp. & Securities Commission

Ecorse Screw Machine Products Company, plaintiff-appellant, appeals a redetermination by the Michigan corporation and securities commission, as affirmed by the Michigan corporation tax appeal board, finding their recomputed annual privilege fee to be in the amount of $1,750 rather than the $12 minimum fee remitted by the plaintiff on taxable property as of December 31, 1959.

The plaintiff filed articles of incorporation with the defendant on December 22, 1959, which stated the corporation had a total authorized capital stock of 50,000 shares having a par value of $10 per share. The five…