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Judges tell committee HB 4840 would clarify business‑court jurisdiction for shareholder and LLC disputes
Summary
Judges and business‑court advocates said House Bill 4840 would ensure shareholder and LLC 'oppression' disputes go to Michigan business courts even when the company is not named, and would keep post‑judgment enforcement in the business court to preserve expertise and consistency.
Judges and business‑court practitioners told the House Judiciary Committee that House Bill 4840 would resolve ambiguity in current law about whether internal disputes among owners of privately held corporations and LLCs belong in Michigan business courts when the company itself is not named as a party.
"A shareholder dispute is a business dispute," one judicial witness said during testimony supporting the bill, arguing that the business court system was created to provide consistency and…
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