[Download] "Poss v. Rossen-Poss Agency" by Court of Appeals of Michigan # eBook PDF Kindle ePub Free
eBook details
- Title: Poss v. Rossen-Poss Agency
- Author : Court of Appeals of Michigan
- Release Date : January 12, 1966
- Genre: Law,Books,Professional & Technical,
- Pages : * pages
- Size : 54 KB
Description
Complaint by Benjamin J. Poss as a minority stockholder against Rossen-Poss Agency, Inc., a Michigan corporation, now known as N. P. Corporation for the appointment of appraisers to set a value on his corporate shares. Trial court appointed appraisers, and denied defendant's motion to vacate the appointments and motion for rehearing. Defendant appeals. Defendant appeals from an order of Wayne county circuit court appointing appraisers pursuant to CL 1948, § 450.44 (Stat Ann 1963 Rev § 21.44) and from denial of defendant's motion to vacate said order and for rehearing. The statute involved governs rights of corporate shareholders objecting to corporate authorization of sale, lease, or exchange of all or substantially all of the corporate assets and provides a method for them to obtain the value of their shares in case they and the corporation fail to agree on such value.
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