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Re Express Engineering Works [1920] 1 ch 466 (ca)

By Oxbridge Law TeamUpdated 04/01/2024 07:05

Judgement for the case Re Express Engineering Works

Table Of Contents

  • All 5 shareholders of a company approved issue of debentures; according to articles, this had to be done at general meeting.

  • Company went insolvent, liquidator alleged issue of debenture was invalid as it had not been done at general meeting.


  • Statute was for protection of shareholders.

  • Thus given all 5 shareholders had unanimously decided to waive procedure in statute, issue of debenture valid.

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