Actions Involving Corporations
- January 22, 2010
- W. Jay Brown
- Comments Off on Actions Involving Corporations
Business litigation involving a corporation typically involves claims brought under the Michigan Business Corporations Act (“BCA”), MCLA 450.1101 et. seq. However, the BCA is not the only source of statutory claims involving corporations. Section 3605 of the Revised Judicature Act, MCLA 600.3605 provides Circuit Courts with wide-ranging powers to govern corporations and their officers. Moreover, creditors of the corporation can use this statute to recover funds that have been unlawfully transferred out of the corporation.