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Two Honigman attorneys author commentary for new Michigan Business Laws Annotated book

February 5, 2008

Two Honigman attorneys have contributed to the newly released edition of Michigan Business Laws Annotated, 2007-2008 published by Thomson West.  

C. Leslie Banas, a partner in Honigman's Real Estate Practice, has written the commentaries to the chapters covering entities formed under various partnership and limited liability statutes.  Banas has significant experience assisting clients in the formation and capitalization of partnerships and LLCs, in the negotiation of joint venture arrangements, and in the formation of real estate investment funds.  Banas also has been selected as one of Michigan's Super Lawyers and Best Lawyers in America and is a frequent speaker on real estate development and limited liability company topics.  She was recently named chair-elect of the State Bar of Michigan's Real Property Law Section.  

Carl Herstein, also a partner in Honigman's Real Estate Practice, wrote the chapter covering Michigan usury law and accompanying commentary.  Herstein is a leading authority on Michigan usury law, serving as a frequent lecturer and author on this topic.  This chapter provides commentary intended to be helpful in seeing how the statutes fit into the historic understanding of usury law, how the courts have interpreted some of the statutes, and how to recognize the major issues that tend to come up with surprising frequency in certain types of common business transactions.  Herstein has been selected as one of Michigan's Super Lawyers and Best Lawyers in America.  Herstein also has extensive experience in equine law, real estate finance, and tax appeals, and has published the leading article on usury law in the state.  

Michigan Business Laws Annotated is widely considered a valuable resource for Michigan private attorneys and in-house legal counsel, accountants and company management whose activities involve forming Michigan companies, operating them and making the required periodic filings with governmental agencies.  The book contains practical advice in "plain English" on some of the unique issues regarding forming and operating business entities in the state, explanations of statutory provisions, and some key court decisions relating to business.