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INDUSTRIAL COORDINATORS, INC. v. ARTCO, INC.

Docket No. 46, Calendar No. 49,187.

366 Mich. 313 (1962)

115 N.W.2d 123

INDUSTRIAL COORDINATORS, INC., v. ARTCO, INC.

Supreme Court of Michigan.

Decided May 17, 1962.

Attorney(s) appearing for the Case

Lungerhausen & Stair (Hunter D. Stair, of counsel), for plaintiff.

Sugar & Schwartz (A. Albert Sugar, of counsel), for defendant.

ADAMS, J.

June 7, 1960, plaintiff filed its suit. On the same day, writs of garnishment were issued. Fifty thousand dollars is now being held by the State Bank of Fraser, garnishee defendant, until further order of the court.

On May 15, 1960, pursuant to CLS 1956, § 450.82 (Stat Ann 1961 Cum Supp § 21.82), plaintiff was required to file its 1960 annual report with the corporation and securities commissioner...

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