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Committee hears bill to clarify business-court jurisdiction for shareholder and LLC disputes
Summary
Judges and business-law practitioners told the House Judiciary Committee that House Bill 4840 would standardize assignment of shareholder and LLC internal-dispute cases to Michigan business courts and permit post-judgment enforcement to remain in those courts.
The Michigan House Judiciary Committee heard testimony on House Bill 4840, which would clarify that disputes among owners of privately held corporations and limited liability companies should be assigned to Michigan business courts even when the business entity itself is not named as a party, and would confirm business courts’ ability to handle post-judgment enforcement in those cases.
Judge Yates of the Michigan Court of Appeals, former business-court judges James Alexander and Doug Turing, and business-law practitioners described the bill as a clarifying amendment to make business-court assignment consistent across circuits. Judge Yates said…
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