Borden, Inc v. Department of Treasury

(for affirmance). When, following receipt of the annual report of a corporation, the Franchise Fee Division "computes” the franchise fee of the corporation, it exhausts its authority under the statute. The Division is not authorized to re-compute the fee if it subsequently obtains what it regards as more accurate information.

The Division (or its predecessor, the Michigan Corporation and Securities Commission) stamped on Borden’s reports for each of the years 1964-1968 the date "filed” and the date "accepted”. On each report there appears the "Tentative computation of fee by Corporation” and…