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Rayfield v Hands

[1960] Ch 1

Case summary last updated at 20/01/2020 19:50 by the Oxbridge Notes in-house law team.

Judgement for the case Rayfield v Hands

Articles provided that where a member wished to dispose of shares, in certain circumstances directors had an obligation to purchase those shares offered. C wished to sell his shares and a director, who was also a member, refused to take them. Held:
 
·        Company’s articles intended for the directors to be bound as members in this situation.
Ø  i.e. as matter related to purchase of shares.
Therefore directors were bound by articles in their capacity as members. 

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