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VAN KAMPEN v. DETROIT BANK & TRUST CO.

Docket No. 9997.

40 Mich. App. 589 (1972)

199 N.W.2d 470

VAN KAMPEN v. THE DETROIT BANK & TRUST COMPANY

Michigan Court of Appeals.

Decided May 24, 1972.

Attorney(s) appearing for the Case

Kerr, Wattles & Russell, for plaintiff.

Miller, Canfield, Paddock & Stone (by George E. Bushnell, Jr.), for defendants.

Before: R.B. BURNS, P.J., and HOLBROOK and QUINN, JJ.

HOLBROOK, J.

The F.H. Martin Construction Company is engaged in the business of general contracting. At the outset of the company, F.H. Martin and his wife were the sole stockholders. In the late 1940's, B.H. Armiger joined the company. F.H. Martin suffered a heart attack in 1956. As a result of the infliction, he turned the management of the company over to Armiger and gave him 40% of the company's outstanding stock.

Plaintiff joined the company in June,...

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