Second Michigan Cooperative Housing Ass'n v. Wabeek State Bank

Plaintiff, Second Michigan Cooperative Housing Association, was incorporated as a Michigan nonprofit corporation on February 23, 1951, and on the same day of incorporation opened a commercial account by depositing with defendant, Wabeek State Bank of Detroit, $13,597.99.

Plaintiff in assumpsit seeks $220,129.18 damages, alleging that the defendant was negligent in honoring and cashing checks of individual's not authorized to draw checks against said account.

Defendant petitioned the court under Court Rule No 40 (1945) for production of books and papers and an extension of time to file an…