Fisher Provision Co. v. Lopatin

Plaintiff has not been paid for meat products sold by it to Steering Wheel, Inc., of which the defendants are officers and directors. The sales occurred between May 15, 1972, and July 17, 1972. In October of that same year the buyer, Steering Wheel, Inc., filed a petition in bankruptcy.

Plaintiff’s action is based upon provisions of the former Michigan General Corporation Act, MCLA 450.87; MSA 21.87 (since repealed), which provided for the personal liability of corporate officers for corporate debts contracted during any period in which such officers refused or neglected to join in the making…