Borden, Inc v. Department of Treasury

The issue presented in this appeal is of first impression in this state. Will the acceptance of plaintiff corporation’s annual reports and accompanying franchise fees for the years 1964 through 1968 by the defendant Department of Treasury, Corporation Franchise Division, 1 preclude the department from recomputing such fees in 1969 as a result of a discovery of an omission in such reports which increases plaintiff’s franchise-fee liability for those years?

Plaintiff, a New Jersey corporation with principal offices in New York City and properly authorized to do business in Michigan, purchased…