Westchester Appliance Co. v. Englehardt
Michigan Supreme Court
Error to Bay; Collins, J. Assumpsit by the Westchester Appliance Company against John Englehardt to enforce the liability of directors of a corporation as provided by Act No. 137, Pub. Acts 1907 (4 How. Stat. [2d Ed.] § 9543). Judgment for defendant on a directed verdict. Plaintiff brings error.
1Opinion of the CourtOstrander, J.
It is the statute duty of every corporation doing business in this State to make and in January or February of each year to file a report showing the condition of the corporation on the preceding 31st day of December. For neglect or refusal to perform this duty, and after a default therein of 10 days, corporate powers are suspended, it can maintain no action in court upon any contract entered into during the period of default, and any director who has neglected or refused to join in making such report is made liable—
*603“For all the debts of such corporation contracted since the filing of the…
2Cases cited1 opinion
- Weber v. DraperMichigan Supreme Court · 1912
3Cited by2 opinions
- Bremer v. Equitable Construction & Mortgage Corp.Michigan Court of Appeals · 1970
- Macbeth-Evans Glass Co. v. GumbinskyMichigan Supreme Court · 1918