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GENESEE MERCHANTS B. & T. CO. v. ST. PAUL FIRE & MARINE INS. CO.

Docket Nos. 14136, 14137.

47 Mich. App. 401 (1973)

209 N.W.2d 605

GENESEE MERCHANTS BANK & TRUST COMPANY v. ST PAUL FIRE & MARINE INSURANCE COMPANY

Michigan Court of Appeals.

Decided May 24, 1973.

Attorney(s) appearing for the Case

Neithercut & Neithercut (by Kittredge R. Klapp), for plaintiff.

Jenkins, Fortescue, Miller & Nystrom (by Carl F. Schier and Merle R. Jenkins), for defendant St. Paul Fire & Marine Insurance Company.

Thomas L. Gadola, for third-party defendants.

Before: QUINN, P.J., and BRONSON and VAN VALKENBURG, JJ.

VAN VALKENBURG, J.

The primary issue in this appeal concerns whether the provisions of 1966 PA 216 should be incorporated into a bond issued by defendant insurance company on December 2, 1966. The bond in question was the statutorily required bond necessary to acquire a motor vehicle dealer's license. Defendants Perry and McVey were motor vehicle dealers doing business as Perry Mobile Homes, Inc. Perry Mobile Homes, Inc., secured from defendant insurance company a...

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