Home > Journals > Michigan Law Review > MLR > Volume 33 > Issue 1 (1934)
Abstract
The court in the principal case recognized the general prohibition against corporate accommodation obligations but held the defendant liable on the theory of consent of the stockholders. With this portion of the opinion the writer has no quarrel. But exception is taken both to the interpretation given to the statute by the court and the accuracy of the principle relied upon, as expressed in the dictum quoted.
Recommended Citation
CORPORATIONS -ACCOMMODATION OBLIGATIONS - EFFECT OF "GUARANTEE" IN POWERS SECTION OF STATUTE,
33
Mich. L. Rev.
94
(1934).
Available at:
https://repository.law.umich.edu/mlr/vol33/iss1/5