Matter of Great Northwest Development Co.

RAY REYNOLDS GRAVES, Bankruptcy Judge.

The question for consideration is whether a director and officer of a Michigan corporation possesses the power to petition for relief under Chapter 7 of the Bankruptcy Reform Act of 1978,11 U.S.C. § 101 et seq., absent authority from the corporation’s board of directors. We hold that no such power exists.

Michigan National Bank of Ann Arbor (“Michigan National”) held as evidence of security for a loan a mortgage on certain real property owned by the Debtor, Great Northwest Development Company (“Great Northwest”). On November 19,1982, Michigan National…