Summary
The Michigan Court of Appeals determined that a shareholder in a closely held company could not recover under the oppression statute, MCL 450.1489, when he is removed from the board of directors and fired from the company because the action did not affect ...
Robert A. Franchino v. Richard Franchino
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See Also
Michigan Does Not Recognize Continued Employment or Board Membership as Closely Held Shareholders’ Rights
The Michigan Court of Appeals determined that a shareholder in a closely held company could not recover under the oppression statute, MCL 450.1489, when he is removed from the board of directors and fired from the company.