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Dodge V. Ford Motor Co. May Still Be “Good Law” In Michigan, But What About California? – Corporate/Commercial Law

Dodge V. Ford Motor Co. May Still Be “Good Law” In Michigan, But What About California? – Corporate/Commercial Law

Dodge V. Ford Motor Co. May Still Be “Good Law” In Michigan, But What About California? – Corporate/Commercial Law

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United States: &#13
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Dodge V. Ford Motor Co. Could However Be “Good Regulation” In Michigan, But What About California?&#13

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To print this report, all you have to have is to be registered or login on Mondaq.com.&#13

Professor Stephen Bainbridge recently &#13
controverted
 the following assertion that Dodge&#13
v. Ford Motor Co. 
does not depict the legislation of&#13
Michigan: 

. . . the assert that “shareholder primacy” is the&#13
“traditional paradigm” is absurd. The single case&#13
reference is predictably Dodge v. Ford Motor Co., 204 Mich. 459&#13
(1919) which does not depict the legislation in the extensive bulk of&#13
states, like Michigan. See Lynn A. Stout, Why We Really should End&#13
Instructing Dodge v. Ford (UCLA, Law-Econ Research Paper No. 07-11,&#13
2007).   Ewan McGaughey, The&#13
Codetermination Bargains: The Background of German Corporate and Labor&#13
Legislation
, 23 Colum. J. Eur. L. 135, 176 n.71 (2016).

Dodge v. Ford Motor Co.  is famous in corporate&#13
legislation circles for the Michigan Supreme Court’s asseveration that&#13
a business corporation “is arranged and carried on&#13
principally for the revenue of the stockholders”. &#13
 

As far as I could figure out, no California court has adopted the&#13
situation.  In point, I could obtain just one released California&#13
opinion that cites the case.  Hill v. State Farm&#13
Mutual Car Ins. Co., 
166 Cal. App. 4th 1438, 1493&#13
(2008).  In that situation, the Court docket of Appeal described&#13
that Dodge  was reviewed in a different renowned&#13
corporate law impression, Shlensky v. Wrigley,  85&#13
Sick. Application. 2d 173 (1968).  

In closing, I find &#13
arguments
 about corporate law principle that count on&#13
analogies to Nazis to be singularly execrable. 

The written content of this report is supposed to give a general&#13
guide to the subject matter subject. Specialist assistance must be sought&#13
about your particular situation.

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