Leave to appeal denied May 28, 1968. See 381 Mich. 752.
GILMORE, J.
At issue in this case is the question of whether the doctrine of unanimous stockholder ratification can be applied so as to immunize the purchaser of all of the stock of a corporation under an executory contract, subsequently forfeited, from liability for the wrongful diversion of corporate assets, where the contract specifically imposes such liability, permits the sellers to appoint a director...
Let's get started
Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.
- Updated daily.
- Uncompromising quality.
- Complete, Accurate, Current.
