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May Cause Considerable Litigation

May Cause Considerable Litigation image
Parent Issue
Day
29
Month
December
Year
1893
Copyright
Public Domain
OCR Text

Lansing, Dec. 27.- The legislation of I 1893 p is-ed an amendatory act ; ing the payment of a franchise fee by corporations, and applies as woll to those organized iu other states aa Michigan. Very few of the corjwrations or'nniKed in other states lmva coinplied with the law by filing their articled aud puying tbe franchise fee. By the provĂ­slons of the net after Jan. 1 all conti ats made by sucli corporations in this state are voirl and cannot be enforced by either party. This will affect a large number of large corporations doing business in this state and will undoubtedly lead to considerable litigation.

Article

Subjects
Ann Arbor Argus
Old News