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IN RE PEET PACKING CO.

Bankruptcy No. 95-20725, Adversary Nos. 97-2096, 97-2095.

231 B.R. 42 (1999)

In re PEET PACKING COMPANY, Debtor. Randall L. Frank, Trustee, Plaintiff, v. Eli Zaret, Defendant. Randall L. Frank, Trustee, Plaintiff, v. McNish-Dennehy Agency, Inc., Defendant.

United States Bankruptcy Court, E.D. Michigan, Northern Division.

January 29, 1999.

Attorney(s) appearing for the Case

Geoffrey L. Silverman, Attorney at Law, West Bloomfield, MI, for Eli Zaret.

Jonathan S. Green, Donald J. Hutchinson, Attorneys at Law, Detroit, MI, for McNish-Dennehy Agency.

Robert A. Weisberg, Attorney at Law, Birmingham, MI, for trustee.

OPINION ON APPLICABILITY OF BUSINESS CORPORATION ACT TO UNIFORM FRAUDULENT CONVEYANCE ACT

ARTHUR J. SPECTOR, Bankruptcy Judge.

Introduction

In this opinion, the Court holds that Mich. Comp.Laws § 450.1122(3) does not bar a plaintiff from suing the transferee of a fraudulent conveyance under Mich.Comp.Laws § 566.11 et seq. if the transferee is not a shareholder in the corporate transferor.

On January 17...

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