ECORSE S.M.P. CO. v. CORP. & SEC. COMM.

Calendar No. 3, Docket No. 51,333.

378 Mich. 415 (1966)

145 N.W.2d 46

ECORSE SCREW MACHINE PRODUCTS COMPANY v. CORPORATION & SECURITIES COMMISSION.

Supreme Court of Michigan.

Decided October 4, 1966.


Attorney(s) appearing for the Case

Coy & Iannelli, for plaintiff.

Frank J. Kelley, Attorney General, Robert A. Derengoski, Solicitor General, T. Carl Holbrook and William D. Dexter, Assistant Attorneys General, for defendant.


SMITH, J.

Leave was granted from a decision of the Court of Appeals which decision is fully reported in 1 Mich.App. 414. The facts are stated in that report and need not be repeated in full. It is sufficient to note that plaintiff filed articles of incorporation December 22, 1959, with authorized capital stock of 50,000 shares having a par value of $10 per share. In its annual report filed with the commission

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